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Media Room -
News Release
CONTACT:
Geri Berdak
The Solae Company
314.982.2588
gberdak@solae.com
THE SOLAE COMPANY EXPANDS INTERNATIONAL PARTNERSHIP
Soy Protein Manufacturer Enters Into New Agreement with
Major Chinese Corporation
St. Louis, MO (August 3, 2005) – The Solae Company, a global
leader in soy protein research and application, expanded its partnership
with Henan Luohe Shineway Industry Group, China’s largest
meat processing company, to build and operate an isolated soy protein
manufacturing facility in China.
By partnering with Shineway, The Solae Company aligns itself to
be the preeminent provider of soy protein to China, while at the
same time creates manufacturing efficiencies that will benefit food
manufacturers around the world.
“Expanding our partnership in China makes perfect sense
from a business, operations and growth standpoint,” said Tony
Arnold, president and CEO of The Solae Company. “We are meeting
our customer’s needs by providing the highest quality products
at a great price.”
Shineway II will enable Henan Luohe Shineway to expand its local
manufacturing base and offset shipping costs and other expenses.
The Solae Company's participation in this partnership will enable
higher quality, more functional soy protein products to be available
in China, which will help grow both business and the economies of
each country.
“Our customers will benefit from this partnership because
they will be receiving a superior, healthier soy product,”
said Mr. Wan Long, president of Shineway.
Shineway II expands The Solae Company’s existing partnership
with the Shineway group. In April 2004, The Solae Company and the
Shineway group agreed to expand overall manufacturing capability
to meet the growing global demand for soy protein. The two businesses
built an innovative facility to manufacture soy protein concentrate
for Shineway’s use. The relationship between Shineway and
its local government ties, coupled with Solae’s technology
to create better tasting, healthier soy protein, continues to assist
Shineway in meeting the growing needs for high-quality protein by
the Chinese consumer.
About The Solae Company
Headquartered in St. Louis, Missouri, The Solae Company is a global
innovator in technology development and the research and application
of soy protein. It serves food and beverage manufacturers, dietary
supplement developers, retailers and consumers in 100 countries
worldwide including the U.S. and Canada, Europe and the Middle East,
Latin America and the Asia/Pacific region. The company was formed
through an alliance between Bunge Limited (NYSE: BG) and DuPont
(NYSE: DD). For more than 30 years, The Solae Company has invested
in fundamental research to understand the health benefits of soy
protein in order to provide better ingredients for better living.
Researchers at more than 180 leading universities and research institutions
have used soy protein products produced by The Solae Company in
hundreds of completed and ongoing soy studies. For more about the
health benefits of soy protein, including additional research and
sources, please visit www.thesolaecompany.com.
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