CHINA: PB GELATINS

[BIZ: Tessenderlo, November 2]
PB Gelatins, the gelatin activity of the 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. The 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 has not been disclosed.
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