Beneo invests $55.5 mn to expand production site in Chile

Beneo is investing €50 million ($55.5 million) to expand the production of chicory root fibre at its factory in Chile, as it aims to meet the increasing demand for ingredients which support digestive health. According to Beneo, the €50 million investment project will expand production of chicory root fibre at the site in Pemuco, Chile by 20%, and the company anticipates that the expansion project will be completed by 2022.

Source: FoodBev