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Gadot Teams Up with Jiangsu Nuobei Biochemical

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By: Sean Moloughney

Editor, Nutraceuticals World

Gadot Biochemical Industries Ltd., Israel, has established a joint venture with China-based Jiangsu Nuobei Biochemical Co. Ltd, to build and operate a new citric acid and citrate salts production plant in China. Total investment in the new plant by both companies will be approximately $30 million. The citric acid plant, with a capacity of 60,000 tons, will be built in Chenjiagang Chemical Industry Park at Jiangsu Province. Joint venture shares will be held 51% by Gadot and 49% by Jiangsu Nuobei. The plant is expected to be completed and online within one year from commencement of construction.

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