Cargill to invest $150 million in Brazil pectin facility
Cargill announced its intention to invest $150 million to construct an HM pectin production facility in South America. HM pectin is a citrus fruit-based texturizer used for jams, beverages/juices, acid dairy drinks and confectionery.
Cargill announced its intention to invest $150 million to construct an HM pectin production facility in South America. HM pectin is a citrus fruit-based texturizer used for jams, beverages/juices, acid dairy drinks and confectionery.
“The pectin market has seen strong growth for several years, primarily driven by the acid dairy drink market, as well as the growing global consumer demand for label-friendly ingredients,” said Bruce McGoogan, strategy and innovation leader for Cargill starches, sweeteners, and texturizers business. “HM pectin plays a significant role in delivering on both trends—as it is a plant-based texturizer designed for acid dairy drinks as well as for jams, beverages, and confectionery products. The intention to invest in a plant in Brazil, which has an abundant citrus fruit supply, allows Cargill to deliver the pectin our customers need and consumers demand.”
The intended project is part of a comprehensive plan to strengthen Cargill’s full pectin footprint, including improvements to its existing three plants in Europe (Germany, France, and Italy) and adding a new plant in Brazil to take advantage of local resources. Construction on the new plant is set to begin in early 2019.