Ingredion and Lantmännen Create Strategic Partnership to Accelerate Development of Plant-Based Proteins
Ingredion (NYSE: INGR) and Lantmännen have announced a strategic partnership to develop plant-based proteins, initially focusing on pea protein isolates for the European market. Lantmännen will invest over 100 million euros in a new factory in Sweden, scheduled for completion in 2027. The collaboration combines Ingredion's market reach and process expertise with Lantmännen's production capabilities to deliver sustainably sourced pea protein isolates. This partnership aims to strengthen Ingredion's position in the European market and expand their global leadership in plant-based proteins.
Ingredion (NYSE: INGR) e Lantmännen hanno annunciato una partnership strategica per sviluppare proteine vegetali, concentrandosi inizialmente sugli isolati proteici di pisello per il mercato europeo. Lantmännen investirà oltre 100 milioni di euro in un nuovo stabilimento in Svezia, la cui conclusione è prevista nel 2027. La collaborazione combina la portata di mercato e l'expertise nei processi di Ingredion con le capacità produttive di Lantmännen per fornire isolati proteici di pisello provenienti da fonti sostenibili. Questa partnership mira a rafforzare la posizione di Ingredion nel mercato europeo e a espandere la loro leadership globale nelle proteine vegetali.
Ingredion (NYSE: INGR) y Lantmännen han anunciado una asociación estratégica para desarrollar proteínas de origen vegetal, enfocándose inicialmente en los aislados de proteína de guisante para el mercado europeo. Lantmännen invertirá más de 100 millones de euros en una nueva fábrica en Suecia, programada para completarse en 2027. La colaboración combina el alcance de mercado y la experiencia en procesos de Ingredion con las capacidades de producción de Lantmännen para ofrecer aislados de proteína de guisante de origen sostenible. Esta asociación busca fortalecer la posición de Ingredion en el mercado europeo y expandir su liderazgo global en proteínas vegetales.
Ingredion (NYSE: INGR)와 Lantmännen은 식물성 단백질 개발을 위한 전략적 파트너십을 발표했습니다. 이 파트너십은 유럽 시장을 위해 처음에는 완두콩 단백질 분리물에 집중합니다. Lantmännen은 2027년 완공 예정인 스웨덴에 새로운 공장에 1억 유로 이상을 투자할 것입니다. 이 협력은 Ingredion의 시장 범위와 공정 전문성과 Lantmännen의 생산 능력을 결합하여 지속 가능한 출처의 완두콩 단백질 분리물을 제공합니다. 이 파트너십의 목표는 Ingredion의 유럽 시장 내 입지를 강화하고 식물성 단백질 분야에서 글로벌 리더십을 확장하는 것입니다.
Ingredion (NYSE: INGR) et Lantmännen ont annoncé un partenariat stratégique pour développer des protéines d'origine végétale, en se concentrant initialement sur les isolats de protéines de pois pour le marché européen. Lantmännen investira plus de 100 millions d'euros dans une nouvelle usine en Suède, dont l'achèvement est prévu pour 2027. La collaboration allie la portée du marché et l'expertise en procédés d'Ingredion aux capacités de production de Lantmännen afin de fournir des isolats de protéines de pois d'origine durable. Ce partenariat vise à renforcer la position d'Ingredion sur le marché européen et à étendre leur leadership mondial dans les protéines d'origine végétale.
Ingredion (NYSE: INGR) und Lantmännen haben eine strategische Partnerschaft angekündigt, um pflanzliche Proteine zu entwickeln, die sich zunächst auf Erbsenprotein-Isolate für den europäischen Markt konzentriert. Lantmännen wird über 100 Millionen Euro in eine neue Fabrik in Schweden investieren, die bis 2027 fertiggestellt sein soll. Die Zusammenarbeit kombiniert die Marktreichweite und Prozesskompetenz von Ingredion mit den Produktionsfähigkeiten von Lantmännen, um nachhaltig erzeugte Erbsenprotein-Isolate bereitzustellen. Diese Partnerschaft zielt darauf ab, die Position von Ingredion im europäischen Markt zu stärken und ihre globale Führungsposition im Bereich pflanzlicher Proteine auszubauen.
- Strategic investment of over 100 million euros in new production facility
- Expansion into European market through established partnership
- Development of new revenue stream in growing plant-based protein market
- Vertical integration through partnership with major agricultural cooperative
- Long wait time until facility completion in 2027
- Significant capital investment required
Insights
This strategic partnership represents a significant expansion in the competitive plant-based protein market. The
The partnership leverages complementary strengths - Ingredion's global distribution network and technical expertise combined with Lantmännen's agricultural infrastructure and regional presence. With Ingredion's
Key advantages include:
- Vertical integration from farming to finished products
- Enhanced European market access
- Sustainable local sourcing capabilities
- Advanced processing technology
Agreement expands both companies’ capabilities in servicing a fast-growing and evolving alternative protein market
WESTCHESTER, Ill., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions for food, beverage and industrial applications, and Lantmännen announce a new long-term collaboration. Lantmännen is an agricultural cooperative and Northern Europe's leading player in agriculture, bioenergy, food and ingredients. The collaboration will begin with the fulfillment of European market needs for competitive, sustainably sourced, and high quality pea protein isolates and various facets of sales, product innovation, and process enhancement.
Lantmännen will invest more than 100 million euros in a state-of–the-art factory in Sweden, while partnering with Ingredion to develop a differentiated portfolio of plant-based protein isolates based on yellow peas. Construction of the production plant will be completed in 2027.
“By joining forces with Lantmännen, we are expanding our footprint in the European market. This marks a significant milestone in our strategy to solidify our position as a global leader in the plant-based protein industry,” said Mike O’Riordan, Ingredion’s senior vice president of texture and healthful solutions in EMEA. “This partnership allows us to leverage our combined strengths to deliver superior, sustainably sourced pea protein isolates that meet the evolving needs of the global market.”
“Partnering with Ingredion is a game-changer for us,” said Lars-Gunnar Edh, executive vice president of the Lantmännen Energy Sector and CEO of Lantmännen Biorefineries. “Ingredion’s extensive market reach and deep expertise in process engineering and product development perfectly complements our vertically integrated production capabilities. Together, we are poised to revolutionize the plant-based protein market with innovative, high-quality pea protein isolates.”
Learn more about what’s next in plant-based proteins at Food Ingredients Europe on 19-21 November 2024 in Frankfurt, Germany. Visit with Ingredion at booth 3.1H90 and Lantmännen at booth 4.2 H53.
ABOUT INGREDION
Ingredion Incorporated (NYSE: INGR), headquartered in the suburbs of Chicago, is a leading global ingredient solutions provider serving customers in nearly 120 countries. With 2023 annual net sales of approximately
ABOUT LANTMÄNNEN
Lantmännen is an agricultural cooperative and Northern Europe’s leader in agriculture, machinery, bioenergy and food products. Owned by 18,000 Swedish farmers, we have 12,000 employees, operations in over 20 countries and an annual turnover of over
TRADE MEDIA CONTACTS
Ingredion EMEA: Thomas Embleton, Tel: +44 (0) 1782 28450, E-mail: ingredion@lesniakswann.com
Lantmännen's press office: Tel: 010 556 88 00, E-mail: press@lantmannen.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bd5f3645-1c0b-4384-a041-fed8e0e4553d
FAQ
When will Ingredion's (INGR) new pea protein facility in Sweden be completed?
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