News in Brief

Korean and Chinese firms in lysine alliance

By Jane Byrne contact

- Last updated on GMT

© GettyImages/Zerbor
© GettyImages/Zerbor
South Korea’s Daesang announced yesterday that it had signed a contract to transfer its lysine technology to China’s Chengfu Group for 10 billion won (US$8.82m), according to local media reports.

Daesang said the partnership would leverage Chengfu Group’s market positioning and manufacturing ability to expand its global reach.

The Korean company said the partners would also look to expand the alliance to include other chemicals for animal feed, beyond lysine.

Daesang expects the collaboration to grow its lysine business from 500,000 to 700,000 tons.

Chengfu Group, a feed amino acid manufacturer, reportedly recorded 220 billion won in sales last year. It reportedly recently added vitamin B2 as a feed additive to its portfolio.

Related news

Show more

Related products

show more

The future of animal nutrition includes clean feed

The future of animal nutrition includes clean feed

Hamlet Protein | 04-May-2021 | Technical / White Paper

Clean feed is defined by high-quality ingredients that enhance not only nutrient composition and digestibility, but also long-term health and performance....

An expertise worth sharing...

An expertise worth sharing...

Hamlet Protein | 23-Mar-2021 | Technical / White Paper

Scientific research, performance trials and a patented process - we've dedicated it all to creating the most outstanding vegetable proteins for young...

Can soy be the sustainable protein of choice?

Can soy be the sustainable protein of choice?

Hamlet Protein | 02-Mar-2021 | Technical / White Paper

When cultivated and processed in a responsible manner, soy can be the sustainable protein source of choice for animals, consumers and our planet. All our...

Related suppliers

Follow us

Products

View more

Webinars