(AOF) – Vinpai today announces the signing of a strategic partnership with Enhance Gourmet Foods, a specialist in the manufacturing of vegan products in India, thus extending its international presence to the Indian market. The specialist in the design, manufacturing and marketing of functional ingredients based on algae and plants for the food and cosmetics industries sees this partnership as a first step in line with the objective of continuing its expansion in Asia.
This strategic collaboration aims to support Enhance Gourmet Foods in the manufacturing of plant-vegan cheese in order to “meet the growing demand of the Indian market” and to benefit from Enhance Gourmet Foods’ large distribution network throughout the country. Indian Union. Vinpai is setting out to conquer a market which gives it “prospects of very strong growth in terms of demand for vegan products”.
Vinpai will provide plant-based functional ingredients that will be integrated into finished products at its partner’s new site located in Pune, India. In return, Enhance Gourmet Foods will rely on Vinpai’s know-how for the manufacture of vegan products (cheese, butter, crème fraîche, etc.) in France.
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Nothing is going well for German chemistry
German chemicals, very dependent on Russian gas, are in difficulty. Following sluggish sales in the automotive sector and falling demand in construction, production is down 8.5% in 2022, with overall turnover down 1.6% to 63.1 Billions of Euro’s. Specialty chemistry is doing better. On the other hand, the rate of utilization of production capacities in basic chemicals has slowed significantly to reach less than 80%. The third German industrial sector is tempted by relocation to the United States, where energy costs are much lower. With the Inflation Reduction Act, the United States has established an environment appropriate to current challenges.