March 13, 2009
Alltech's Japanese JV to benefit feed industry
The joint venture between Alltech and Japanese companies Mitsui and Asahi Breweries, to develop a range of natural food flavourings, could benefit the feed industry.
The agreement could accelerate Alltech's development, boosting its annual sales to US$1 billion within the next five years, Alltech's President Dr Pearse Lyons said.
The joint venture, finalised last week, will trade as Advanced Yeast Technologies Japan.
Alltech, which specialises in the production, processing and development of yeast, will provide the research and development required to bring the products of this collaboration to the commercial marketplace.
Lyons said Alltech sees an opportunity for the residue from the yeast extract that has great potential in the animal nutrition field, as the new yeast strains yield a different cell wall component.
Such components could be used to develop products that combat mycotoxins, act as growth promoters and help boost the immune system in animals, he said.