Vinpai Sets out Ambitions for the Indian Market With the Signing of a Strategic Partnership Agreement
16 Mayo 2024 - 10:45AM
Business Wire
- Continued international expansion in the Asian market
alongside Enhance Gourmet Foods, a specialist in vegan products in
India
- Opening of the first vegan plant-based cheese production
unit in Pune (India) by Enhance Gourmet Foods
- Vinpai provides a plant-based technological solution fully
aligned with the consumer demand in the Indian market
Regulatory News:
Vinpai (ISIN: FR001400AXT1; ticker: ALVIN), the
specialist in the design, manufacture and marketing of functional
ingredients based on algae and plants for the food and cosmetics
industry, today announces the signing of a strategic partnership
with Enhance Gourmet Foods, a specialist in the manufacture of
vegan products in India, extending its global footprint in the
Indian market.
The launch of Vinpai on the Indian market is a first step in
line with its objective to pursue its expansion in Asia. This
strategic collaboration aims to support Enhance Gourmet Foods in
the manufacture of vegan plant-based cheeses to meet the growing
demand of the Indian market and benefit from Enhance Gourmet Foods'
extensive distribution network throughout India. Vinpai is
therefore setting out to conquer a huge market offering significant
growth opportunities regarding demand for vegan products.
As part of this partnership, Vinpai will supply plant-based
functional ingredients that will be integrated to end products on
its partner's new site in Pune, India. In return, Enhance Gourmet
Foods will lean on Vinpai's expertise in the manufacture of vegan
products (cheese, butter, cream, etc.) in France.
Philippe Le Ray, Chief Executive Officer and Co-founder,
stated: “We are extremely delighted to announce this partnership
with Enhance Gourmet Foods, which demonstrates the confidence
placed in our technology. This collaboration opens tremendous
opportunities for us in the Indian market, where the growth in
demand for plant-based products is very promising. We have been
working on opening up this market for several years and are now
turning years of R&D effort into concrete results, adapting our
offering to the needs and specific features of the Indian market.
We will benefit from our partner's expertise regarding food and
nutritional requirements in the Indian market, as well as its
presence in the country with major Indian agri-food groups. Thanks
to this partnership, the Indian market could become a major growth
driver for Vinpai's business over the coming years.”
In addition, this partnership opens up new opportunities for all
Vinpai's product ranges, in particular Vin'Curd+, launched in the
2nd quarter of 2024, which is dedicated to enhancing cheese-making
productivity.
About Vinpai
Founded in 2011 by Cyrille Damany and Philippe Le Ray, Vinpai is
an ingredien'tech company specializing in the design, manufacture
and marketing of algal, vegetable, mineral and fiber-based
functional ingredients offering manufacturers natural alternatives
to chemical additives. Positioned in the most buoyant market
segments, Vinpai now supports manufacturers in the food industry,
its historical market, cosmetics and nutraceuticals, thanks to
cross-technology know-how, enabling them to increase the
nutritional qualities of their finished products. The combination
and association of ingredients and food additives allows
manufacturers to accelerate their development, optimize their
production costs and generate profitability. Operating from two
sites, in Saint-Dolay and Rieux (Morbihan) near the port of
Saint-Nazaire, Vinpai has developed more than 3,500 formulas and
now has 47 employees. In 2023, the Company generated revenues of
nearly €8 million, more than half of which was exported, and is
established in more than 35 countries.
For further information: www.vinpai.com
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version on businesswire.com: https://www.businesswire.com/news/home/20240516754401/en/
Vinpai Philippe Le Ray CEO investors@vinpai.com
NewCap Théo Martin Aurélie Manavarere Investor Relations
vinpai@newcap.eu T. : 01 44 71 94 94
NewCap Nicolas Mérigeau Antoine Pacquier Media Relations
vinpai@newcap.eu T. : 01 44 71 94 98
Vinpai (EU:ALVIN)
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