Ingredion’s proposed acquisition of Tate & Lyle will create a US$9.9 billion ingredients powerhouse focused on sugar reduction, texture solutions, fortification, and food innovation.
The partnership brings together two major agribusiness players as they target a food market worth more than US$12 billion in West Africa.
The continent increased investment and more than doubled its agricultural research workforce over the past two decades, but major gaps remain between regions.
The facility will have an annual feed production capacity of 400,000 tonnes and is expected to become operational in 2027.
The company also signed a joint feed trial protocol with USSEC, marking a new phase of collaboration focused on soybean-based poultry nutrition in Southeast Asia