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Chinese Joint Venture Begins Production Of Beverages Sweetened With GLG’s Stevia Extract

December 28, 2010: 08:42 PM EST

Canadian stevia extract producer GLG Life Tech Corporation says that its joint venture partner China and Healthy Foods Company Limited (CAHFC) has begun production of four all natural stevia-sweetened beverages under the ANOC brand name in China. The production line is capable of producing 108 million 500 ml servings a year, and is starting with green tea, black tea, peach juice and orange juice products. Key Chinese government objectives in participating in the joint venture are to show that a rural farming region such as Xioagang can support a strong farming economy and that industrial development will increase economic prosperity in a rural region. According to GLG, China’s food and beverage industry has grown 20 percent a year from 2002 to 2009, when it was valued at $693 billion.

"GLG Announces Commencement of ANOC Beverage Production Line in China", News release, GLG Life Tech, December 28, 2010, © GLG Life Tech Corp
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