Bayn Europe’s production partner Honsea Sunshine Biotech Co. Ltd in Guangzhou has delivered a trial order of 6,6 tonnes EUREBA® D-01. The customer is Hoiee Wuhan Ice-works (www.hoiee.cn), which specialises in sugar reduced bakery products and ice creams. Hoiee is a subsidiary of Poonmanee, who has its headquarters in Wuhan located about 500 km west of Shanghai.
EUREBA® D-01 is Bayn’s sugar replacer specifically developed for dairy products. It has been successfully used by ice cream producers both in Sweden and abroad. EUREBA® D-01 can replace sugar one-to-one in, among other, dairy products without compromising on taste or mouthfeel.
The order is worth about 240 TSEK and is a trial order for a series of planned deliveries starting April 2019 with final delivery in the first quarter of 2020. The total order shall comprise at least 100 tonnes with a value in excess of 3,8 MSEK.
About Bayn Europe
Bayn Europe is an independent formulation developer of cutting edge and healthy sugar reduction solutions for the food and beverage industry. Bayn’s total solutions focus on taste, texture and cost-in-use. Bayn’s product portfolio contains ingredients and sugar replacers for food and beverage applications. Bayn’s business model is based on solid networks of scientific research, market channel partnerships and contracted manufacturers. Bayn Europe was founded in 2009 in Stockholm, Sweden, and is listed at Nasdaq Stockholm, First North, since 2014.
Mangold Fondkommission AB is Bayn’s certified adviser. Telephone +46-8-5030 1550, e-mail CA@mangold.se. Further information on the company is available on www.bayneurope.com.
This information is such information which Bayn Europe AB is required to disclose according to EU’s Market Abuse Regulation. The information was provided by the above contact person for publication on 24 january 2019, at 15.10 CET.