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Tessenderlo Group expands gelatine activities to China

01 Nov 2006 - PB Gelatins, the gelatin activity of Tessenderlo Group, is setting up a joint venture to be known as PB Gelatins (Pingyang) Co., Ltd near Wenzhou in south-eastern China together with the Chinese company Zhejiang Feipeng Gelatin Industry Co., Ltd., with a view to producing high-quality gelatin.
 
Tessenderlo Group is acquiring an 80% stake in the capital of PB Gelatins (Pingyang) Co., Ltd. and the Chinese partner is to take the remaining 20 %. The amount of the investment is not disclosed.