Succeeding Kyeong (KS) Yoon, Sang Shin has been appointed as the new President and CEO of Aloecorp. He took over duties and responsibilities beginning August 1, 2021. He worked in Unigen, one of the sister companies in the ECONET group of companies since 2004 to support business expansion through accounting and finance activities. After 11 years, he transferred to ECONET Holdings. He spent the next three years as CFO, then another three years as the COO and president. He was in charge of … [Read more...] about Sang Shin is new Aloecorp Inc. President, CEO
Ingredients
Angel Yeast set to acquire Bio Sunkeen for a boost in production capacity
The yeast market is looking to be one that’s poised for rapid growth from 2021 to 2025. While the segment is forecasted to expand, there is a concern regarding meeting this demand. There is also currently a molasses shortage, which has made it difficult to produce yeast-based ingredients. To address future capacity gaps and further strengthen its position in the industry, Angel Yeast has announced its acquisition of Bio Sunkeen’s yeast business and related assets. Angel Yeast will be able to … [Read more...] about Angel Yeast set to acquire Bio Sunkeen for a boost in production capacity
Layn Natural Ingredients grows line of non-GMO botanical extract ingredients
Utilising Non-GMO ingredients is becoming a growing practice in the food and beverage industry lately. Demand for this variant is on the rise, estimated to be at CAGR of 15.7% from 2021 to 2026. It’s no wonder that this product segment has attracted the attention of various companies in the market. Layn Natural Ingredients, one of the largest innovators in the space, has added more natural botanical extracts to its current line. Additionally, these new types have been verified by the Non-GMO … [Read more...] about Layn Natural Ingredients grows line of non-GMO botanical extract ingredients
