German company Nordzucker AG announces a €100 million investment for developing plant-proteins.

© Nordzucker AG

Agriculture / Agribusiness

Germany’s Nordzucker Commits Over €100M to Expand Into the Plant-Protein Market

German company Nordzucker AG, one of the world’s leading sugar companies, announces that it will invest €100 million over the next few years to develop a new business segment: plant proteins. As part of the expansion, Nordzucker AG will install a plant-based protein processing plant at the company’s site in Groß Munzel, Lower Saxony. Construction will begin in the fall of 2024 and be completed by mid-2026. According to the company, the plant will create around 60 additional jobs. “Plant-based nutrition will play an increasingly important role in the future. The market is growing rapidly. With plant-based proteins, we see a great opportunity to participate in this future market,” says Lars Gorissen, CEO of Nordzucker AG. “We are supplementing our portfolio with a product that fits in …