Machinery News
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ICL Announces Follow-On Investment in Plantible Foods and Celebrates Industry Recognition for Innovative Food Ingredient
ICL Announces Follow-On Investment in Plantible Foods and Celebrates Industry Recognition for Innovative Food Ingredient Partnership received Ingredient Idol award at SupplySide West 2024 Tel Aviv, Israel; January 08, 2025 - ICL (NYSE: ICL) (TASE: ICL), a leading global specialty minerals company, today announced a follow-on investment in Plantible Foods, participating in the company's Series B funding round. This investment builds upon ICL's initial participation in Plantible's Series A round and furthers the strategic collaboration between the two companies. In October of 2023, ICL Food Specialties, in collaboration with Plantible Foods, launched Rovitaris Binding Solution powered by Rubi Protein. This innovative ingredient was honored with the Ingredient Idol award at the SupplySide West (SSW) conference in November 2024 and recognized as the most innovative food ingredient of the year. "Our continued investment in Plantible Foods underscores our commitment to advancing sustainable and innovative solutions in the food industry,” said Hadar Sutovsky, vice president of Corporate Investments at ICL. “We are excited to support Plantible's growth and the development of their groundbreaking plant-based proteins." "Receiving the Ingredient Idol award for Rovitaris is a testament to our dedication to delivering cutting-edge, clean-label solutions that meet the evolving demands of consumers seeking healthier and more sustainable food options," said Rado Sporka, vice president of Food Specialties at ICL. “ICL Food Specialties anticipates increasing demand for Rovitaris Binding Solution in 2025, driven by the growing consumer trend toward clean-label and sustainable food ingredients”. "Our partnership with ICL is instrumental in bringing Rubi Protein to market,” said Tony Martens Fekini, CEO of Plantible Foods. “The recognition at SSW highlights the potential of our collaboration to transform the food industry with sustainable and functional ingredients." According to Global Market Research, the global clean label ingredients market is experiencing robust growth, driven by increasing consumer demand for transparency and natural products. In 2024, the market was valued at approximately $53 billion and is projected to reach $99 billion by 2034, growing at a CAGR of more than 6.4% during the forecast period. ICL Group's investment in Plantible Foods, and the development of innovative ingredients like Rovitaris Binding Solution, aligns with these market trends and helps position the company to meet the evolving demands of consumers and capitalize on new market opportunities. About ICL ICL Group is a leading global specialty minerals company, which creates impactful solutions for humanity's sustainability challenges in the food, agriculture and industrial markets. ICL leverages its unique bromine, potash and phosphate resources, its global professional workforce, and its sustainability focused R&D and technological innovation capabilities, to drive the company's growth across its end markets. ICL shares are dual listed on the New York Stock Exchange and the Tel Aviv Stock Exchange (NYSE and TASE: ICL). The company employs more than 12,000 people worldwide, and its 2023 revenues totaled approximately $7.5 billion. For more information, visit ICL's website at icl-group.com To access ICL's interactive CSR report, visit icl-group-sustainability.com. You can also learn more about ICL on Facebook, LinkedIn, YouTube, X and Instagram. More
Industry News
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The 18th International Processing & Packaging Exhibition For Vietnam – ProPak Vietnam 2025
The 18th International Processing & Packaging Exhibition For Vietnam – ProPak Vietnam 2025 will officially return from March 18th - 20th, 2025, at the Saigon Exhibition and Convention Center (SECC), 799 Nguyen Van Linh, District 7, Ho Chi Minh City. With a total exhibition area of 13,000 m², ProPak Vietnam 2025 is expected to gather nearly 340+ exhibitors from over 30+ countries such as Canada, Germany, Hong Kong (China), Italy, Japan, Netherlands, Singapore, USA, China, India, Korea (Hàn Quốc), Malaysia, Taiwan (China) etc. This edition is anticipated to welcome over 9,500 industry visitors, becoming an unmissable opportunity for business networking and trade promotion for both domestic and international enterprises. In 2025, ProPak Vietnam will continuously feature a special zone dedicated to DRINK TECHNOLOGY, showcasing the most innovative technologies, equipment, and machinery from our international and domestic suppliers. Notably, alongside ProPak Vietnam 2025, this year, The 12th International Plastics and Rubber Technologies and Materials Exhibition for Vietnam - Plastics and Rubber Vietnam 2025 will be held at the same venue, featuring hundreds of exhibitors from around the world. Building on the success of previous editions, ProPak Vietnam 2025 continues to feature a series of seminars such as international conferences, specialized seminars, and technical seminars - PROTALK, with topics such as: “Policy Roadmap and Practical Solutions for the Packaging Industry towards Net Zero”, DrinkTech Conference, etc. The content of seminars has been researched and developed by leading experts in the packaging and beverage technology industries from the Centre For Environmental Service And Event, Vietnam Association of Food Science and Technology (VAFoST), Australian Institute of Packaging, Asian Packaging Federation (APF), Active & Intelligent Packaging Industry Association (AIPIA), World Packaging Organisation (WPO), and The Vietnam Beer – Alcohol – Beverage Association,.... This edition promises to provide businesses with opportunities to update new trends and practices in the industry. Don't miss the chance to attend this significant event at ProPak Vietnam 2025! Exhibition’s Information: THE 18TH INTERNATIONAL PROCESSING & PACKAGING EXHIBITION FOR VIETNAM – PROPAK VIETNAM 2025 Date: March 18th – 20th, 2025 Opening Hours: 9:00 AM – 5:00 PM Venue: Saigon Exhibition and Convention Center (SECC), 799 Nguyen Van Linh, District 7, Ho Chi Minh City Website: https://propakvietnam.com/ Contact: Ms. Annie Tran I+84 28 3622 2588 (ext. 144) I [email protected] More
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