Ajinomoto, T Hasegawa collaborate natural flavours business

Ajinomoto, T Hasegawa to collaborate for natural flavours business

6:40 AM, 20th August 2015
Ajinomoto, T Hasegawa to collaborate for natural flavours business

TOKYO, JAPAN: Ajinomoto Co Inc and T Hasegawa Co Ltd said they have formed a business alliance regarding research, development and commercialization of natural flavours using biotechnologies and fermentation technologies (fermentation-derived natural flavours).

Through a business alliance with T Hasegawa, a flavour company with world-class materials and technologies, Ajinomoto will develop more substantive technologies to freely control “deliciousness”, to meet customers’ needs.

The companies will combine T Hasegawa’s flavour refining and formulation technologies with Ajinomoto’s biotechnologies and fermentation technologies. Jointly the companies aim to launch fermentation-derived natural flavours and develop the business globally within the next several years.

In addition, to increase the effectiveness of the business alliance, Ajinomoto will acquire 900,000 shares (2.11 percent) of treasury stock of T Hasegawa at a cost of approximately JPY 1.6 billion through a third-party allocation.

The global flavours market is worth approximately JPY 1.4 trillion and continues to grow steadily. Within this market, the natural flavours category has grown notably in recent years, backed by a consumer trend toward natural beverages and foods, and high growth is expected to continue. Legal regulations in Europe and the US define natural flavours as products extracted from or created through fermentation of natural materials. Extraction is currently the most commonly used method, but it has issues of securing raw materials and cost. Consequently, methods using fermentation have been attracting attention in recent years.

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