MINNEAPOLIS - Cargill Health & Food Technologies will enter the arachidonic acid (ARA) business through a new joint venture agreement with Wuhan Alking Bioengineering Co. Ltd., the number one ARA producer in China serving the Chinese infant formula business.
ARA is an essential fatty acid that, in conjunction with DHA, an omega-3 essential fatty acid, has long been recognized as important in infant nutrition, including promoting the growth of organs and tissues. Found naturally in breast milk, ARA and DHA are thought to support the development of infants' brains and eyes. The nutrients are becoming an important ingredient in infant formula globally.
“We see the opportunity to serve our global customers in China and select geographies with their increasing needs for ARA. We view Alking as a great partner to aid in serving our customers with the high quality ARA oil and powder products that they demand,” said Ted Ziemann, president, Cargill Health & Food Technologies.
“We are excited to have Cargill as a partner in the ARA business. We believe the combination of Alking's ARA technology and process capability coupled with Cargill's global presence will allow us to serve infant formula companies on a much broader basis,” said Mr. Yi, chairman, Wuhan Alking.
The joint venture is expected to be up and operating within the next 30 to120 days.
About Cargill H&FT:
Cargill Health & Food Technologies, based in Minneapolis, is a leading developer, processor and marketer of science-based, healthy ingredients for food and dietary supplements worldwide. Cargill H&FT is part of Cargill's Food System Design initiative in which Cargill businesses work with customers to produce ingredient solutions for affordable, nutritious, convenient and appetizing consumer products. Cargill H&FT is a business unit of Cargill, an international provider of food, agricultural and risk management products and services. With 101,000 employees in 59 countries, the company is committed to using its knowledge and experience to collaborate with customers to help them succeed. For more information, visit http://www.cargillhft.com or http://www.cargill.com.
About Wuhan Alking:
Wuhan Alking Bioengineering Co. Ltd. is a producer and marketer of arachidonic acid located in Wuhan, Hubei Province, China. For more information, visit http://www.alking.com.cn