CJ Cheiljedang Corp., South Korea's top food maker, said on Nov. 19, 2018 it has launched work to expand its lysine factory in Brazil to meet the growing demand for its products in the South American market.
The company said additional facilities of the plant, in Piracicaba, located in the southeastern state of Sao Paulo, are set to be completed next year.
|This undated photo, provided by CJ Cheiljedang Corp., shows workers at its lysine plant in Piracicaba, Brazil, which was built in 2007. The company said expansion work is under way, with a plan to be completed by 2019.|
The expansion is aimed at securing its leading position in Brazil's lysine market, according to the company.
CJ Cheiljedang said its amino acid sales in Brazil are expected to increase 9 percent on-year to 130 billion won (US$115.5 million) this year.
The South Korean company entered the South American country in 2007. Currently, it is the largest producer of lysine in the Brazilian market.
South America's lysine market is estimated at around 200,000 tons this year, with Brazil accounting for 60 percent of the total, it said. (Yonhap)
Shin Jin-seon firstname.lastname@example.org
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