PureCircle Announces $100 Million Investment In Agronomy Program
Expands Stevia Farming To New Regions Allowing For 10,000 Hectare Pipeline
OAK BROOK, Illinois, July 18, 2016 /PRNewswire/ -- PureCircle, the world's leading producer of high-purity stevia ingredients for the global food and beverage industry, announced an additional investment of $100 million in its PureCircle Agronomy Program to support its goal of creating the world's largest, natural stevia supply. This investment will focus on expansion efforts to more than 15 growing regions around the world and further development of the company's farming footprint outside of China, which will result in a 10,000 hectare pipeline that provides customers with year-round access to the highest quality PureCircle stevia leaf extract.
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"This investment highlights our commitment to providing our customers with the largest, natural supply of stevia leaf extract," said Jordi Ferre, PureCircle's Chief Operating Officer. "We are diversifying the countries we grow in to meet the needs of the food and beverage industry as the demand for naturally grown stevia continues to rise. Our PureCircle Stevia Agronomy Program has been the foundation for these expansion efforts, supplying us with the knowledge we needed to take this pivotal step towards year-round farming."
Investments in the PureCircle Stevia Agronomy Program are focused in three areas:
- Scaling Naturally - Sustainable agricultural expansion to more than 15 growing regions
- Research & Development - Breeding the best new stevia varieties through traditional plant breeding methods, and identifying optimal growing practices.
- Farmers – Training, planting materials and other support to ensure the sustainable success of our farming partners
"These three areas really encompass how we approach growing stevia," said Faith Son, PureCircle's Vice President of Global Marketing and Innovation. "There is real science behind how we grow the best tasting stevia naturally and do it in a way that's sustainable and benefits farmers and their communities. This investment allows us to stay at the forefront of innovation and deliver great tasting products at a scale that fits with the needs of global brands."
About PureCircle
PureCircle is the world's leading producer of high-purity stevia ingredients for the global food and beverage industry. Its mission is to encourage healthier diets around the world through the supply of natural ingredients to the global food and beverage industry. Its vision is to lead the global expansion of stevia as the next mass volume, natural-origin sweetener. PureCircle has offices around the world with the global headquarters in Kuala Lumpur, Malaysia. It was founded in 2002 and was incorporated into PureCircle Limited in 2007. PureCircle's shares are listed on the main market of the London Stock Exchange and trade under the ticker symbol PURE. For more information, visit: www.purecircle.com.
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