SWEEGEN ANNOUNCES CAPITAL INVESTMENTS, MANUFACTURING PARTNERSHIP AHEAD OF EUROPEAN EVENT

KUALA LUMPUR, Dec 6 (Bernama) -- Sweet-taste solutions provider Sweegen has announced its strategic investment and partnership snapshot ahead of the Food Ingredients Europe 2022 taking place from Dec 6-8 in Paris.

The company said in a statement that it will exhibit zero sugar solutions in immersive food experiences, displaying consumers’ favourite foods and beverages with zero sugar solutions.

In the wake of the 2022 company developments of major customer launches, a growing global footprint, and regulatory approvals on its sweeteners and stevia technology, Sweegen is attracting major partners and moving forward with additional growth capital raised from current shareholders Pasaca Capital and Sumitomo Chemical Co.

“Our growth is meaningful in the world of sweetener innovation as we are bringing wellness solutions to food and beverage brands and consumers in new global regions where sugar reduction is not only a major health trend and need but also a movement for a wellness lifestyle.

“We’re grateful that these shareholders continue to have confidence in our vision to open new markets with our global regulatory plans and explore exciting wellness technologies for food and beverages,” said its chief executive officer Steven Chen.

Sweegen’s Signature Bestevia® Reb M was the first new-generation stevia technology to receive approval from the European Food and Safety Authority.

This landmark approval in 2021, combined with the approval of the regulatory framework for steviol glycosides by the international food safety authority CODEX in 2022, is opening new markets and creating significant opportunities for Sweegen's customers to launch new products.

The company has also entered into a strategic alliance in which Sumitomo will contribute one of its manufacturing factories in Asia to a joint venture between the two companies, and assist in quality assurance and quality control at both the Asian facility and Sweegen’s manufacturing site in Europe.

In addition to the industry’s widest range of non-GMO better tasting Signature stevia ingredients, Sweegen is introducing more advanced sugar-reducing products such as the sweet proteins Ultratia™ brazzein and thaumatin.

-- BERNAMA