MIRA INFORM
REPORT
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Report Date : |
08.08.2011 |
IDENTIFICATION DETAILS
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Name : |
SOLAE LLC |
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Registered Office : |
4300 Duncan Ave, St Louis, MO 63110-1110 |
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Country : |
United States |
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Date of Incorporation : |
Not Available |
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Legal Form : |
Private Parent |
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Line of Business : |
Providing soy-based technologies and ingredients for the food, meat
and nutritional product industries |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
$100,000 (USD) |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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United States |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
Solae LLC
4300 Duncan Ave
St Louis, MO 63110-1110
United States
Tel: 314-659-3000
Fax: 314-982-1121
Toll Free: 800-325-7108
Web: www.solae.com
Synthesis
Employees: 3,500
Company Type: Private Parent
Corporate Family: 5
Companies
Incorporation Date: 2003
Financials in: usd (millions)
Reporting Currency: US
Dollar
Annual Sales: 1,000.0
Total Assets: NA
Business Description
The Solae Company
offers soy-based technologies and ingredients for the food, meat and
nutritional product industries. The company manages offices, research facilities
and manufacturing centers throughout the world. It provides textured vegetable
proteins, specialty lecithins, flours, isolates, fibers, polymers, and soy
concentrates and isolates. The Solae Company serves more than 3,000 clients in
over 100 countries. The company maintains manufacturing plants in China,
Belgium, Japan and the United Kingdom. It offers products for cereal,
beverages, dispersible oleoresins, baked goods, poultry products, and meat
sauces and gravies. The company employs a staff of nearly 3,500 people. The
Solae Company accepts online orders.
Industry
Industry Food Processing
ANZSIC 2006: 1199 - Other Food
Product Manufacturing Not Elsewhere Classified
NACE 2002: 1589 - Manufacture
of other food products not elsewhere classified
NAICS 2002: 31199 - All Other
Food Manufacturing
UK SIC 2003: 1589 - Manufacture
of other food products not elsewhere classified
US SIC 1987: 2099 - Food
Preparations, Not Elsewhere Classified
Key Executives
(Emails Available)
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Name |
Title |
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Torkel Rhenman |
Chief Executive Officer |
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Steve Fray |
Vice President & Chief Financial Officer |
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Michele Fite |
Vice President-Global Strategy & Marketing |
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Michelle Stallman |
Executive Assistant |
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Pamela Welker |
Director-Information Technology |
News
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Title |
Date |
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DJ US CASH
GRAIN: Corn, Soy Basis Slip; Scaled-Down Grain Buys |
21-Jul-2011 |
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Heart
Healthy Grilling With Plant-Based Proteins |
27-Jun-2011 |
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Australia:
Solae Receives Patent for 'A restructured meat product and process for
preparing same' |
8-Jun-2011 |
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Research
and Markets: The World Pufas Market: A Review of Scientific Studies as Well
as Profile of Using Companies |
31-May-2011 |
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Findings
from K.A. Campbell et al in Oil and Gas Research Reported |
25-May-2011 |
1 - Profit & Loss Item Exchange Rate: USD 1 = USD 1
2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1
Corporate Overview
Location
4300 Duncan Ave
St Louis, MO, 63110-1110
Saint Louis City County
United States
Tel: 314-659-3000
Fax: 314-982-1121
Toll Free Tel: 800-325-7108
Web: www.solae.com
Sales USD(mil): 1,000.0
Assets USD(mil): NA
Employees: 3,500
Industry: Food
Processing
Incorporation Date: 2003
Company Type: Private
Parent
Quoted Status: Not
Quoted
Chief Executive Officer: Torkel
Rhenman
Contents
· Industry Codes
· Business Description
· Financial Data
· Key Corporate Relationships
· Additional Information
Industry Codes
ANZSIC 2006 Codes:
1199 - Other Food Product Manufacturing Not Elsewhere Classified
NACE 2002 Codes:
1589 - Manufacture of other food products not elsewhere classified
NAICS 2002 Codes:
31199 - All Other Food Manufacturing
US SIC 1987:
2099 - Food Preparations, Not Elsewhere Classified
UK SIC 2003:
1589 - Manufacture of other food products not elsewhere classified
Business
Description
Establishments
primarily engaged in manufacturing prepared foods and miscellaneous food
specialties, not elsewhere classified, such as baking powder, yeast, and other
leavening compounds; peanut butter; packaged tea, including instant; ground
spices; and vinegar and cider. Also included in this industry are
establishments primarily engaged in manufacturing dry preparations, except
flour mixes, consisting of pasta, rice, potatoes, textured vegetable protein,
and similar products which are packaged with other ingredients to be prepared
and cooked by the consumer.
More Business
Descriptions
The Solae Company
offers soy-based technologies and ingredients for the food, meat and nutritional
product industries. The company manages offices, research facilities and
manufacturing centers throughout the world. It provides textured vegetable
proteins, specialty lecithins, flours, isolates, fibers, polymers, and soy
concentrates and isolates. The Solae Company serves more than 3,000 clients in
over 100 countries. The company maintains manufacturing plants in China,
Belgium, Japan and the United Kingdom. It offers products for cereal,
beverages, dispersible oleoresins, baked goods, poultry products, and meat
sauces and gravies. The company employs a staff of nearly 3,500 people. The
Solae Company accepts online orders.
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Credit Report as of 02/01/2011
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Location |
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4300 Duncan Ave |
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County: |
St Louis City |
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MSA: |
St Louis, MO |
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Phone: |
314-659-3000 |
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Fax: |
314-982-1121 |
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Toll Free: |
800-325-7108 |
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URL: |
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ABI©: |
558764981 |
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Annual Sales: |
$1,000,000,000 (USD) |
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Employees: |
3,500 |
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Facility Size(ft2): |
40,000+ |
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Business Type: |
Private |
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Location Type: |
Headquarter |
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RECOMMENDED CREDIT LIMIT * |
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$100,000 (USD) |
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Primary Line of Business: |
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SIC: |
2099-03 - Food Products & Manufacturers |
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NAICS: |
311999 - All Other Misc Food Mfg |
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Secondary Lines of Business: |
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SICs: |
8742-13 - Marketing Programs & Services |
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NAICS: |
541613 - Marketing Consulting Svcs |
Table of Contents
· Profile Links
· Similar Businesses in the Area
· Closest Neighbors
External Links
Similar Businesses
in the Area *
Reiyo LLC
4611 Beck Ave
St Louis, MO 63116-1605
Resource One
1024 Executive Parkway Dr
St Louis, MO 63141-6304
King's Food Products
3 Amann Ct
Belleville, IL 62220-3461
Hendrickson's Inc
2089 Exchange Dr
St Charles, MO 63303-5988
Arcobasso Foods
8014 N Broadway
St Louis, MO 63147-2417
Golden Phoenix International Food Inc
706 Park Ave
St Louis, MO 63104-3832
Precision Foods Inc
11457 Olde Cabin Rd Ste: 100
St Louis, MO 63141-7139
Arcobasso Foods Manufacturing Co
8000 Hall St Ste: 4
St Louis, MO 63147-2434
Ribus Inc
8000 Maryland Ave Ste: 460
St Louis, MO 63105-3910
Ralcorp Holdings Inc
800 Market St
St Louis, MO 63101-2506
* Similar Businesses are defined as the closest businesses sharing the
same six-digit primary SIC code ( 2099-03 - Food Products & Manufacturers)
regardless of size.
Closest Neighbors
Kent Kehr & Associates PC
911 S 13th St
St Louis, MO 63103-3120
Maronite Catholic Pastoral Center
1021 S 10th St
St Louis, MO 63104-3518
Capital Restoration & Painting
913 S 13th St
St Louis, MO 63103-3120
Congruence Inc
1300 Papin St
St Louis, MO 63103-3131
Protein Technologies International
1034 Danforth Dr
St Louis, MO 63102-1008
Check Mark Communications
1111 Chouteau Ave
St Louis, MO 63102-1025
Conperio
909 S 13th St
St Louis, MO 63103-3120
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Corporate
Family |
Corporate
Structure News: |
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Total Corporate Family Members: 5 |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
St Louis, MO |
United States |
Food Processing |
1,000.0 |
3,500 |
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Branch |
Memphis, TN |
United States |
Food Processing |
121.5 |
300 |
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Branch |
Pryor, OK |
United States |
Food Processing |
101.3 |
250 |
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Branch |
Bellevue, OH |
United States |
Food Processing |
56.7 |
140 |
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Branch |
Remington, IN |
United States |
Food Processing |
24.3 |
60 |
Executive reports
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Executives |
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Chief Executive Officer |
Chief Executive Officer |
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Vice President-Operations & Commodity Business |
Operations Executive |
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Information Technology Operations Director |
Operations Executive |
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Environmental Manager |
Environment/Safety Executive |
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Executive Assistant |
Administration Executive |
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Vice President & Chief Financial Officer |
Finance Executive |
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Account Director-North America Sales |
Accounting Executive |
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Director-Portfolio & Project Management-Research & Development |
Investment Executive |
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Vice President-Human Resources |
Human Resources Executive |
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Senior Human Resources Manager - Asia Pacific |
Human Resources Executive |
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Vice President-Global Strategy & Marketing |
International Executive |
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Director of Global Process Technology |
International Executive |
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Director-Information Technology |
Information Executive |
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Director-Applied Technology |
Engineering/Technical Executive |
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Product Line Manager |
Product Management Executive |
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Senior Director-New Business Development |
Business Development Executive |
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Director-Business Development |
Business Development Executive |
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Dr. Greg Paul is the director of health and nutrition for The Solae
Company. As director, Dr. Paul is responsible for overseeing and guiding The
Solae Company’s research program, which includes supporting research that
explores the health benefits of soy. Prior to joining The Solae Company, Dr.
Paul held the position of director of nutrition science for Central Soya for
several years. Dr. Paul received a bachelor’s degree in education and a
master’s degree in exercise physiology from Ohio State University. Dr. Paul
went on to earn his Ph.D. from the University of Illinois –Urbana-Champaign.
In 1996, Dr. Paul finished post-doctoral work in molecular biology.
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DJ US CASH GRAIN:
Corn, Soy Basis Slip; Scaled-Down Grain Buys
OsterDowJones
Select: 21 July 2011
[What follows is
the full text of the news story.]
By Andrew Johnson
Jr
Of DOW JONES
NEWSWIRES
CHICAGO, Jul 21,
2011 (Dow Jones Commodities News Select via Comtex) -- U.S. cash corn and
soybean basis levels eroded in central U.S., as grain buyers scaled back bids
for spot supplies.
The cash market
has seen corn and soybean basis levels trend lower for the past week,
particularly corn.
"The dip in
basis logically tells you end users including processors and soybean crushers
are comfortable with the amount of supplies they have bought to cover needs
before the fall harvest," said Kim Craig, a merchandiser for Bell
Enterprises, a privately owned group of grain elevators in Illinois.
Scaled-back
operations at soy processors are expected to weigh on cash soybean basis levels
for the near term. Basis is the difference between cash prices and futures
market prices.
Soybean processors
are slowing their crush pace down to minimum levels needed to keep running,
until cheaper, more available new crop supplies enter the market after the fall
harvest begins.
There are reports
of Cargill slowing the crush at its Bloomington, Ill., plant, Solae at its
Gibson City, Ill., plant, and Archer Daniels Midland at their Decatur, Ill.,
crushing facility, said Craig.
Cash soybean basis
levels are reported 11 cents over August futures at Bloomington, Ill., down
from 22 cents at the same time last week, according to data from U.S.
Department of Agriculture.
Yet, despite the dip
in basis, corn supplies remain tight in various locations, with processors and
ethanol plants still paying large premiums above futures market prices to
secure inventories. Soybean basis levels are historically firm as well, as
there is not much movement of cash soybean supplies, analysts said.
Processors and
ethanol plants remain the highest bids in Midwest markets, with spot corn basis
bids at selected ethanol plants in the eastern Midwest leading the high basis
bids. In western Indiana, the basis ranged from 60 cents to 80 cents over
September futures, while in eastern Indiana and Ohio the basis ranged from 85
cents to 95 cents over September futures, according to data from USDA.
Meanwhile, the
threat of heat damage for developing corn crops, in the face of end of
year-supply estimates that are forecast at their lowest levels in 15 years
continue to limit declines in corn prices.
Weather
Rains will favor
the upper Midwest into the weekend and expand east early next week, with a few
showers possible late on Monday from Missouri into the southern Ohio Valley,
said Joel Widenor, vice president, Commodity Weather Group, LLC in a morning
forecast.
It appears that
conditions are still not ideal for notable rain in central Illinois, while rain
chances remain better in Ohio, Indiana and Michigan. Meanwhile, heat will
linger through the weekend in the southern Midwest, and another potent surge of
heat favors the southern and eastern Midwest again next Thursday through
Saturday, Widenor added.
-By Andrew Johnson
Jr, Dow Jones Newswires, 312-750-4126, andrew.johnsonjr@dowjones.com
(END) Dow Jones
Newswires
07-21-111408ET
Heart Healthy Grilling With Plant-Based Proteins
Solae Says Adding Soy Protein to Summer Meals Can
Provide Heart Health Benefits
Market Wire: 27 June 2011
[What follows is the full text of the news story.]
ST. LOUIS, MO --
(MARKET WIRE) -- 06/27/11 -- From fine china at a five star restaurant to a
paper plate at a backyard bar-b-que, selecting a variety of healthy foods for
every meal is the foundation of a good diet. The U.S. Department of Agriculture
(USDA) recently unveiled a new icon to help people plan healthier diets --
MyPlate. The new icon focuses on filling half of your plate with fruits and
vegetables and then filling the other half with healthy grains and lean
proteins. The USDA'sChooseMyPlate.gov site encourages consumers to select a
variety of proteins including plant-based proteins such as soy.
"Soy is a
healthy choice that more people are trying out -- whether it's for a 'Meatless
Monday' tradition or as a part of a vegetarian diet," said Simon Lusky,
research chef at Solae, LLC. "It is a source of high-quality protein and
is low in saturated fat. You can find products with soy protein in any grocery
store -- and the prices are comparable to meat products."
A recent
International Food Information Council survey on Functional Foods showed that
46 percent of consumers are concerned about cardiovascular disease -- and that
65 percent of consumers are aware of soy's heart health benefits. Soy protein
has been clinically proven to lower cholesterol. The U.S. Food and Drug
Administration's authorized health claim for soy protein says: "25 grams
of soy protein a day, as part of a diet low in saturated fat and cholesterol,
may reduce the risk of heart disease." One soy burger can provide up to 10
grams of protein or more.
"Summertime
is the season for grilling and cook-outs. It's a great time to experiment with
soy protein while still serving your family their favorite meals," said
Lusky. "Many soy protein products -- such as Match� meats -- cook in the
same way as ground beef and turkey. Soy protein is extremely versatile so
you're able to take your family's favorite burger recipe -- and increase the
heart health benefits of the meal with using soy -- and it will still taste
delicious."
A variety of soy
protein products for grilling are available in grocery stores. The food
ingredients label will say "textured soy protein" or "isolated
soy protein."
"A number of
products are available to choose from -- whether you're in the mood for a hot
dog or a hamburger," said Lusky. "Pre-made burgers are available for
a fast healthy dinner, but you can also buy mixtures that mimic the texture and
function of ground meats."
Lusky says you can
develop a burger that's half ground meat and half soy protein if you want to
reduce the saturated fat in your meal.
"It is
important to follow the same food safety rules when you're grilling with soy
protein," said Lusky. "You won't have the pink color of the meat to
use as a guide, so be sure to cook until the internal temperature of the burger
is at 155 F."
Click here
(http://www.solae.com/~/media/Files/E-Newsletter/Greek_Burger_Recipe.pdf) for a
soy protein burger recipe developed by Chef Simon Lusky.
Solae, LLC is a
world leader in developing soy-based ingredients for nutritious, great-tasting
products. Solae provides solutions that deliver a unique combination of
functional, nutritional, economical and sustainable benefits to our customers.
Headquartered in St. Louis, Missouri, USA, the company was formed through a
joint venture between DuPont (NYSE: DD) and Bunge (NYSE: BG) in 2003. Solae is
a recipient of 2011 Ethisphere's Ethics Inside Certification and was recognized
as one of 100 "World's Most Ethical Companies" in 2011. For more
information, visit www.Solae.com, or follow the company on Twitter at
www.Twitter.com/SolaeLLC, Facebook at www.Facebook.com/SolaeLLC, and LinkedIn
at www.linkedin.com/company/Solae-LLC.
Add to
DiggBookmark with del.icio.usAdd to Newsvine
Contact:
Jennifer Starkey
314-659-3145
office
314-341-2948 cell
jstarkey@solae.com
Australia: Solae Receives Patent for 'A
restructured meat product and process for preparing same'
Australian Government: 08 June 2011
[What follows is the full text of the news story.]
Australia, June 8
-- Solae LLC, St. Louis, has filed an application (2005277482) on Aug. 16,
2005, for 'A restructured meat product and process for preparing same.'
The patent is effective
from Aug. 16, 2005, till Aug. 16, 2025.
Inventor(s):
Matthew McMindes and Eduardo Godinez
Application
Status: Sealed
Acceptance Date:
Jan. 13
Paid to Date: Aug.
16
The original document can be viewed at:
http://pericles.ipaustralia.gov.au/ols/auspat/applicationDetails.do?applicationNo=2005277482
For any query with
respect to this article or any other content requirement, please contact Editor
at htsyndication@hindustantimes.com
Research and Markets: The World Pufas Market: A
Review of Scientific Studies as Well as Profile of Using Companies
Business Wire: 31 May 2011
[What follows is the full text of the news story.]
DUBLIN--(BUSINESS WIRE)-- Research and Markets
(http://www.researchandmarkets.com/research/b86f4f/the_world_pufas_ma) has announced
the addition of the "The World Pufas Market" report to their
offering.
This global study
analyzes the Pufas market through a review of scientific studies as well as
profile of using companies describing their needs, their technical issues and
expectations towards those ingredients.
Fatty acids have
several biological functions in the organism. They provide energy, they form
part of the membranes surrounding cells. Besides, they are precursors of some
specific chemical messengers known as prostaglandines, tromboxanes and
leucotrienes. These chemical messengers control an important number of
biochemical reactions, that include growth, cell division, blood pressure,
blood coagulation, immune reactions and tissue inflammation. It is also now
widely recognized that LC-PUFAs play an important role in infant development
and the maintenance of health in mature human beings.
This global study
analyzes the Pufas market through a review of scientific studies as well as
profile of using companies describing their needs, their technical issues and
expectations towards those ingredients.
Key Topics
Covered:
A)INTRODUCTION
B) HEALTH
PROPERTIES
1 - Omega-6 fatty
acids
2 - Problems
encountered with LC-PUFAs
3 - Omega-6 fatty
acids Description
4 - Omega-3 / omega-6
balance
5 - Process
Extraction and concentration process by physical and chemical pathways
:Biochemical process
C) REGULATION
6 - KEY MARKET
ISSUES
D) SUPPLIERS
Companies
mentioned:
BASF (DK)
DENOMEGA (NW)
DSM (NL)
LODERS CROKLAAN
(NL)
CARGILL (G)
MARTEK BIOSCIENCES
CORP.(USA)
OMEGA PROTEIN
INC.(USA)
PRONOVA (NW)
SOLAE (USA)
AURORA ALGAE (USA)
CRODA (UK)
EPAX (NO)
MARINE
NUTRICEUTICAL (USA)
OCEAN NUTRITION
(CA)
For more
information visit http://www.researchandmarkets.com/research/b86f4f/the_world_pufas_ma.
Research and
Markets
Laura Wood, Senior
Manager
press@researchandmarkets.com
U.S. Fax:
646-607-1907
Fax (outside
U.S.): +353-1-481-1716
Findings from K.A. Campbell et al in Oil and Gas
Research Reported
Oil and Gas Research
Energy Weekly News: 25 May 2011
[What follows is the full text of the news story.]
According to
recent research from Memphis, United States, "Aqueous extraction
processing technologies, having advanced in recent years, may be a viable
alternative to hexane extraction to separate oil and protein from soybeans.
Different extraction strategies incorporating various modes of comminution,
extraction buffers, and enzymes allow production of a range of oil and protein
products, but also create different processing challenges."
"Processes
capable of achieving high free oil yields often result in a soluble protein
fraction difficult to isolate and dilute oil emulsions difficult to break.
Other processes can achieve high yields and purities of native soy protein, but
with reduced free oil yield or require a high osmotic and ionic strength
extraction buffer. This review article discusses these various advanced
processes and their relative advantages and disadvantages," wrote K.A.
Campbell and colleagues.
The researchers
concluded: "In addition, the current understanding of the underlying
fundamental concepts of aqueous extraction is discussed in order to help direct
future investigations to improve these technologies."
Campbell and
colleagues published their study in the Journal of the American Oil Chemists
Society (Advances in Aqueous Extraction Processing of Soybeans. Journal of the
American Oil Chemists Society, 2011;88(4):449-465).
For additional
information, contact K.A. Campbell, Solae Co., 4272 S Mendenhall Rd., Memphis,
TN 38141, United States.
Publisher contact
information for the Journal of the American Oil Chemists Society is: Springer,
233 Spring St., New York, NY 10013, USA.
DuPont makes organisation and leadership changes
with completion of Danisco acquisition
EquityBites: 20 May 2011
[What follows is the full text of the news story.]
DuPont (NYSE:DD),
a science-based products and services company, on Thursday announced the
formation of two new business units, Industrial Biosciences and Nutrition &
Health.
The new Industrial
Biosciences unit will integrate Danisco's Genencor enzyme division with the
DuPont Applied BioSciences business. The new Nutritional & Health business
unit will combine Danisco Food Ingredients with DuPont's existing Nutrition
& Health business to form a premier food ingredients and food safety
business.
Both the new
business units will stand alone as a financial reporting segment.
The company said
that it has appointed Craig F Binetti as the president of the new Nutrition
& Health business and James C Collins Jr as president of Industrial
Biosciences.
Binetti most
recently led DuPont's Nutrition & Health business, a position he has held
since 2007. He has led several businesses during his 34-year career with
DuPont, including chairman and CEO of Solae, DuPont's soy protein joint venture
with Bunge.
Also Collins, who
has served in a range of business and operations leadership roles at DuPont,
has most recently led DuPont's Crop Protection business from 2004 to 2011.
Since January 2011 he has led the integration team preparing for DuPont's
acquisition of Danisco.
DuPont, through
DuPont Denmark Holding ApS, has acquired over 92% ownership of Danisco. Upon
completion of an extraordinary general meeting of Danisco shareholders
scheduled to be held in June 2011, both Binetti and Collins are expected to
join the executive board of Danisco A/S.
Also, Richard C
Olson will assume responsibility for ongoing integration of Danisco across both
new businesses units.
Olson currently
leads the company's productivity improvement and business process
simplification programmes across the company. Prior to that he led the Titanium
Technologies business since 2005. Before that he has served in a range of
business and operations leadership roles, since joining the company as a
process engineer in 1978.
((Comments on this
story may be sent to info@m2.com))
DuPont Announces Organization and Leadership
Changes
PR Newswire US: 19 May 2011
[What follows is the full text of the news story.]
WILMINGTON, Del.,
May 19, 2011 /PRNewswire/ -- DuPont (NYSE: DD) today announced the formation of
two new business units, Industrial Biosciences and Nutrition & Health.
�The company has appointed Craig F. Binetti as the president of the new
Nutrition & Health business and James C. Collins, Jr. as president of
Industrial Biosciences. �Richard C. Olson will assume responsibility for
ongoing integration of Danisco across both new businesses units. �
Industrial
Biosciences will integrate Danisco's Genencor enzyme division with the DuPont
Applied BioSciences business to create a leading $1 billion industrial
bioscience business. �This unit will stand alone as a financial reporting
segment. �
Nutritional &
Health will combine Danisco Food Ingredients with DuPont's existing Nutrition
& Health business to form a premier $3 billion specialty food ingredients
and food safety business. �Nutrition & Health also will stand alone as a
financial reporting segment. �
Additional details
on both reporting segments will be provided when DuPont reports second quarter
earnings in late July.
Binetti, 55, has
led DuPont's Nutrition & Health business since 2007. �He has led several
businesses during his 34-year career with DuPont, including serving as chairman
and CEO of Solae, the company's soy protein joint venture with Bunge.
Collins, 48, has
served in a range of business and operations leadership roles at DuPont, with a
strong background in agriculture. �He led DuPont's Crop Protection business
from 2004-2011. �Since January, Collins has led the integration team
preparing for DuPont's acquisition of Danisco.
Olson, 55, leads
the company's productivity improvement and business process simplification
programs across the company. �He has served in a range of business and
operations leadership roles since joining the company as a process engineer in
1978. �Before assuming his current role earlier this year, Olson led the
Titanium Technologies business since 2005.
DuPont, through
DuPont Denmark Holding ApS, has acquired more than 92 percent ownership of
Danisco. �Upon completion of an extraordinary general meeting of Danisco
shareholders in June, Binetti and Collins will join the Executive Board of
Danisco A/S.
DuPont
(www.dupont.com) is a science-based products and services company. �Founded
in 1802, DuPont puts science to work by creating sustainable solutions
essential to a better, safer, healthier life for people everywhere.
�Operating in more than 90 countries, DuPont offers a wide range of
innovative products and services for markets including agriculture and food;
building and construction; communications; and transportation.
Biographies and photos of James Collins, Craig Binetti and Richard Olson
are available at http://www2.dupont.com/Our_Company/en_US/executives/index.html
Soy Protein Offers Healthier Meat Solutions at AMI
Expo
Solae Offers Ingredients That Lower Sodium and Phosphate
in Meat Products
Market Wire: 15 April 2011
[What follows is the full text of the news story.]
ST. LOUIS, MO --
(MARKET WIRE) -- 04/15/11 -- The 2010 Dietary Guidelines for Americans continue
to place an emphasis on reducing sodium intake with the recommendation that
Americans limit their salt intake to no more than 1 teaspoon of salt per day.
Solae is showcasing a number of solutions for meat manufacturers to help meet
these recommendations without sacrificing taste, at The American Meat Institute
(AMI) Expo, April 13-16, 2011, in Chicago, Ill., at McCormick Place.
Expo attendees can
learn more about Solae's newest product in development, SUPRO� SYSTEMS 119.
This low nitrite isolated soy protein product is designed to:
Lower sodium and
phosphate levels by at least 33 percent in poultry products
Maintain or
increase yields
Lower or maintain
costs
Maintain overall
eating quality/taste
Attendees can
sample this product at Solae's booth (#1073).
Solae will also
unveil two ALPHA� Functional Soy Protein Concentrates -- ALPHA� 8 and
ALPHA� 10. These products are new to the United States market and provide
additional functional and economical benefits in ground and emulsified meat
applications, without affecting taste, helping meat processors to:
Maintain moisture
Improve texture
Increase cook
yields
Increase fat
binding
Solae
representatives will also be available to discuss Solae's Hydrolyzed Vegetable
Flavorings, which can help manufacturers to lower their production costs and
maintain or improve product quality across a wide range of meat applications.
For more
information on the AMI Expo, visit the following link: http://amiexpo.com/
Solae, LLC is the
world leader in developing innovative soy-based technologies and ingredients for
food, meat and nutritional products. Solae provides solutions that deliver a
unique combination of functional, nutritional and economical benefits to our
customers. Solae's soy ingredients are enjoyed by consumers around the world in
products such as baked goods, beverages, nutrition bars, meats, vegetarian
meals and much more. Solae is a recipient of 2011 Ethisphere's Ethics Inside
Certification and was recognized as one of 100 "World's Most Ethical
Companies" in 2010 and 2011. For more information, visit www.Solae.com, or
follow the company on Twitter at www.Twitter.com/SolaeLLC or Facebook at
www.Facebook.com/SolaeLLC.
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Contact:
Jennifer
Starkeyjstarkey@solae.com
314-659-3145
office
314-341-2948 cell
Australia: Solae Owns Trademark for 'SOYMEGA'
Australian Government: 11 April 2011
[What follows is the full text of the news story.]
Australia, April
11 -- Solae LLC (a Delaware LLC), U.S., owns the trademark (1395766) for
'SOYMEGA' from Nov. 19, 2010, through Nov. 19, 2020.
Status:
Registered/Protected
Class: 29 [Meat,
fish, poultry and game; meat extracts; preserved, dried and cooked fruits and
vegetables; jellies, jams, fruit sauces; eggs, milk and milk products; edible
oils and fats; soy products for use as an ingredient for human consumption]
Class: 30 [Coffee,
tea, cocoa, sugar, rice, tapioca, sago, artificial coffee; flour and
preparations made from cereals, bread, pastry and confectionery, ices; honey,
treacle; yeast, baking-powder; salt, mustard; vinegar, sauces, condiments;
spices; ice]
Class: 31
[Agricultural, horticultural and forestry products and grains not included in
other classes; living animals; fresh fruits and vegetables; seeds, natural
plants and flowers; foodstuffs for animals, malt]
Class: 32 [Beers;
mineral and aerated waters and other non-alcoholic drinks; fruit drinks and
fruit juices; syrups and other preparations for making beverages]
Type of Mark: Word
Lodgement Date:
Nov. 19, 2010
Date of
Acceptance: Nov. 30, 2010
Registration
Advertised: April 7, 2011
For further
details contact SPRUSON & FERGUSON, NSW, Australia. The original document
can be viewed at:
http://pericles.ipaustralia.gov.au/atmoss/falcon_details.show_tm_details?p_tm_number=1395766&p_search_no=1&p_ExtDisp=D&p_detail=DETAILED&p_rec_no=228&p_rec_all=500
For any query with respect to this article or any other content
requirement, please contact Editor at htsyndication@hindustantimes.com
Solae Named as One of the 2011 "World's Most
Ethical Companies"
For the Second Year, Solae Is Recognized for
Ethical Leadership
Market Wire: 17 March 2011
[What follows is the full text of the news story.]
ST. LOUIS, MO --
(MARKET WIRE) -- 03/17/11 -- Solae, LLC, a joint venture between DuPont and
Bunge and a world leader in soy ingredients, has been recognized by the
Ethisphere Institute as one of the 2011 World's Most Ethical (WME) Companies.
This is the second consecutive year Solae has been honored by Ethisphere for
this award. Out of a record number of nominations for the award, Solae secured
a hard-earned spot on the list. Solae went the extra mile, implementing upright
business practices and initiatives that are instrumental to the company's
success, benefit the community and raise the bar for ethical standards within
the food industry.
"Solae has a
deep commitment to ethics in all that we do and it's one of four core
values," said Cornel Fuerer, vice president, general counsel and chief
compliance officer, Solae. "To be honored for the second year as one of
the World's Most Ethical Companies is both rewarding for what we have
accomplished and motivating to continue to make ethics a priority in all
aspects of our business."
Earlier in 2011,
Solae also earned the Ethics Inside� Certification from Ethisphere, which is
awarded exclusively to companies that not only have implemented adequate
standards, systems and programs to reasonably prevent compliance failures and
ethical breakdowns, but also can demonstrate the existence of a superior
employee and leadership culture that promotes ethical business practices.
This is the fifth
year Ethisphere has published the WME rankings, which appear in Ethisphere
Magazine's Q1 issue. Ethisphere reviewed thousands of companies and evaluated a
record number of applications utilizing its propriety methodology through
in-depth research and multi-step analysis, naming 110 companies that surpassed
their industry peers to this year's World's Most Ethical Companies list. The
2011 list features companies in 38 industries including 43 companies
headquartered outside the United States. Solae is on the list with a number of
other highly reputable food companies this year including General Mills,
PepsiCo and Stonyfield Farm.
"As companies
strive to maintain a competitive advantage, good ethics translate into better
business, and better business means better bottom lines. Solae recognizes the
important role that principled practices play in brand reputation, which
ultimately is the most valuable asset for a company," said Alex Brigham, executive
director -- the Ethisphere Institute. "Each year, the competition gets
more intense for the World's Most Ethical Companies and this year was no
exception with a record number of organizations vying for this distinguished
honor. Ethisphere congratulates Solae on being one of the World's Most Ethical
Companies for 2011."
Read about the
methodology and view the complete list of the 2011 World's Most Ethical
Companies http://ethisphere.com/2011-worlds-most-ethical-companies.
The research-based
Ethisphere Institute is a leading international think tank dedicated to the
creation, advancement and sharing of best practices in business ethics,
corporate social responsibility, anti corruption and sustainability. The
Institute's associated membership group, the Ethisphere Council, is a forum for
business ethics that includes over 200 leading corporations, universities and
institutions. The Ethisphere Council is dedicated to the development and
advancement of individuals on its membership council through increased efficiency,
innovation, tools, mentoring, advice, and unique career opportunities.
Ethisphere magazine, which publishes the globally recognized World's Most
Ethical Companies Ranking�, is the quarterly publication of the Institute.
More information on the Ethisphere Institute, including ranking projects and
membership, can be found at www.ethisphere.com.
Solae, LLC is a
world leader in developing soy-based ingredients for nutritious, great-tasting products.
Solae provides solutions that deliver a unique combination of functional,
nutritional, economical and sustainable benefits to our customers.
Headquartered in St. Louis, Missouri, USA, the company was formed through a
joint venture between DuPont (NYSE: DD) and Bunge (NYSE: BG). Solae is a
recipient of 2011 Ethisphere's Ethics Inside Certification and was recognized
as one of 100 "World's Most Ethical Companies" in 2010. For more
information, visit www.Solae.com, or follow the company on Twitter at
www.Twitter.com/SolaeLLC or Facebook at www.Facebook.com/SolaeLLC.
Add to
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Contact:
Jennifer
Starkeyjstarkey@solae.com
314-659-3145
office
314-341-2948 cell
US: DuPont silent on rumours of Solae sale
just-food.com
26 July 2011
By Dean Best
[What follows is the full text of the article.]
US conglomerate
DuPont has refused to be drawn on reports that it and agribusiness giant Bunge
are looking to sell their soy products venture Solae.
DuPont and Bunge
formed Solae, which makes ingredients for food manufacturers in sectors from
bakery to dairy, in 2003.
Bloomberg said
yesterday (25 July) that Solae's management had met potential buyers this
month. Two anonymous sources told the news agency that the company could be
sold for US$1.4-1.75bn, based on its annual EBITDA of around $180m.
A spokesman for
DuPont, which owns a 73% stake in Solae, declined to comment on what he called
"rumours and speculation".
The spokesman also
refused to be drawn on Solae's financial performance ahead of the publication
of DuPont's second-quarter results, which are set to be announced on Thursday.
Officials at Bunge
could not be reached for immediate comment.
Earlier this year,
DuPont acquired Denmark-based food ingredients maker Danisco in a deal worth
$6.44bn.
DuPont chair and
CEO Ellen Kullman said at the time that the deal was set to create "an
industry leader in industrial biosciences and nutrition and health".
This article was
originally published on just-food.com on 26 July 2011. For authoritative and
timely food business information visit http://www.just-food.com.
Related Industries
· 2000 Food and kindred products
· Food Processing[profile]
· 15890 Manufacture of other food products not elsewhere classified
· 210 Services to Agriculture
Solae LLC Files Patent Application for
Transglutaminase Soy Fish and Meat Products and Analogs Thereof
Indian Patent News
16 July 2011
[What follows is the full text of the article.]
New Delhi, July 16
-- USA based Solae LLC filed patent application for transglutaminase soy fish
and meat products and analogs thereof. The inventor is Der Chyan Hwang.
Solae LLC filed
the patent application on March 26, 2004. The patent application number is
605/DEL/2004 A. The international classification is A23J3/00.
According to the
Controller General of Patents, Designs& Trade Marks, "This invention
relates to a transglutaminase-coupled vegetable protein composition and a process
for preparing said composition. Further, this invention relates to soy fish and
meat products and analogs thereof and a process for making the same."
Related Topics
· Legal
Related Geographies
· Asia
· North America
· India
· United States
Solae LLC Files Patent Application for a Method for
Producing a Soy Protein Concentrate
Indian Patent News
21 May 2011
[What follows is the full text of the article.]
New Delhi, May 21
-- USA based Solae LLC filed patent application for a method for producing a
soy protein concentrate. The inventor is Singh Navpreet.
Solae Llc filed
the patent application on Oct. 8, 2003. The patent application number is
1586/CHENP/2003 A. The international classification number is A23J3/16.
According to the
Controller General of Patents, Designs & Trade Marks, " A method for
producing a soy protein concentrate, characterized by the steps of: (n)
Providing a substantially defatted soybean material; ( o ) mixing the material
with water and extracting proteins from the material; (p) removing insoluble
materials to produce a liquor; (q) heating the liquor at a temperature above
about 930 C; and (r) subjecting the liquor to ultrafiltration to provide a
retentate. (s) pasteurizing the retentate; and (t) drying the retentate to get
a soy protein concentrate."
About the Company
Solae, LLC
manufactures soy-food ingredients for the meat and poultry, consumer food,
dairy-alternative, and nutritional products segments. Its products include
textured vegetable proteins, textured and functional protein concentrates and
isolates, specialty lecithins, polymers, flours, and fibers. The company also
provides soy fiber ingredients for food manufacturers of tortillas and flat
breads. Solae, LLC was formerly known as DuPont Protein Technologies, Inc.
Related Topics
· Legal
UNITED KINGDOM : Solae Debuts Super Soya at Marks
& Spencer Stores in U.K
TendersInfo News
06 May 2011
[What follows is the full text of the article.]
Recently, soy made
a triumphant debut at M&S stores in the U.K. with the debut of Super Soya
meals.
This is the
first-ever range of meat replacement products in M&S stores. Solae's soy
protein ingredients, marketing insights and formulation capabilities feature
prominently in the products.
"This project
comes after two years of hard work from a number of people at Solae, said
Arturo Ania, business development manager Solae. M&S has never sold a meat
substitute product prior to this because of concerns about quality and taste
this product line reinforces our belief that Solae soy ingredients provide for
some of the most delicious and nutritious soy protein products on the
market."
The product line
has seven meals, including Super Soya Meat Free Lasagne and Cottage Pie, with
more to come.
M&S product
developer Lesley Anderson said,"We first started working on Super Soya
products back in 2010 when the trend towards eating less meat started to gain
interest, and have worked hard with our chefs and suppliers to create products
which taste fantastic. The range is not aimed solely at vegetarians, but those
genuinely keen to eat less meat yet who aren't willing to compromise on
taste."
Related Companies
Marks &
Spencer Group Plc
[profile]
Related Geographies
Europe
United Kingdom
Solae soy protein nuggets
Food Trade Review
01 January 2011
[What follows is the full text of the article.]
Taking the soy
protein nugget to new levels, Solae is introducing two new protein nuggets in
Europe.
A new protein
multigrain nugget--SUPRO[R] Nugget 173--uses patent-pending technology to
combine soy protein and the grains of rice, oat and barley. This is the first
soy nugget on the market that combines protein and grains in a single nugget,
making it ideal for use in a variety of products including bars, snacks, baked
goods, cereal, and more.
A new high protein
soy nugget--SUPRO[R] Nugget 570--is 90 percent protein on a dry weight basis,
making it the highest currently on the market. This patent-pending technology
provides formulation flexibility when targeting higher protein levels and works
well in a variety of food and snack applications.
SUPRO[R] Nugget
173 is comprised of 60 percent soy protein and 40 percent grains (rice, oat and
barley). SUPRO[R] Nugget 173 provides ease of use and formulation flexibility
with delivery of protein and grains in a single nugget. In addition, the
natural shape of this nugget provides a unique eating experience either by
itself or in combination with other nuggets.
SUPRO[R] Nugget
570 provides formulation flexibility for food manufacturers to achieve high
levels of protein while optimizing taste, texture and nutrition. Whether the
goal is to increase the amount of protein, or reduce the package size while
maintaining protein, SUPRO[R] Nugget 570 provides the flexibility needed to
meet the needs of consumers while providing nutritional, functional and
economical benefits to the manufacturer.
Multigrain Protein
Bar Product Concept
Overall
Liking 7.3
Appearance
Liking 7.3
Flavor Liking 7.1
Texture Liking 6.7
Measured on a
scale of 1-9, 1 = Dislike Extremely, 9=Like Extremely
Note: Table made
from bar graph.
Contact Solae
Europe on tel +41 227 176400 or visit www.solae.com
Related Topics
Legal
Related Geographies
Europe
Solae LLC Files Patent Application for High Soy
Protein Nuggets and Applications in Food Products
Indian Patent News
02 December 2010
[What follows is the full text of the article.]
New Delhi, Dec. 2
-- USA based Solae LLC filed patent application for high soy protein nuggets
and applications in food products. The inventors are Daniel W Brown, Phillip I
Yakabu, Paul V Paulsen, Crig R Baumer and Santiago Solorio.
Solae LLC filed
the patent application on Oct. 3, 2006. The patent application number is 5729/DELNP/2006
A. The international classification number is A23J 3/22.
According to the
Controller General of Patents, Designs & Trade Marks, "The present
invention relates to food materials containing a high concentration of
vegetable protein and processes for their manufacture. More particularly, the
present invention relates to vegetable protein extrudates containing high
concentrations of protein and low concentrations of carbohydrates, processes
for manufacturing such protein extrudates, and the use of such protein
extrudates as functional food ingredients."
Solae, LLC
manufactures soy-food ingredients for the meat and poultry, consumer food,
dairy-alternative, and nutritional products segments. Its products include
textured vegetable proteins, textured and functional protein concentrates and
isolates, specialty lecithins, polymers, flours, and fibers. The company also
provides soy fiber ingredients for food manufacturers of tortillas and flat
breads. Solae, LLC was formerly known as DuPont Protein Technologies, Inc.
Related Topics
· Legal
Related Industries
· 2000 Food and kindred products
· Food Processing [profile]
· 15890 Manufacture of other food products not elsewhere classified
· 210 Services to Agriculture
Solae, LLC Files Patent Application for Encapsulated
Phospholipid-Stabilized Oxidizable Material
Indian Patent News
29 September 2010
[What follows is the full text of the article.]
New Delhi, Sept.
29 -- USA based Solae, LLC filed patent application for encapsulated
phospholipid-stabilized oxidizable material. The inventors are Charles W. Kolar
Jr. and Joshua J. Moore.
Solae, LLC filed
the patent application on June 16, 2008. The patent application number is
5175/DELNP/2008 A. The international classification number is A23D 9/06.
According to the
Controller General of Patents, Designs & Trade Marks, "Compositions
and methods to reduce the oxidation of an oxidizable material are disclosed
herein. A composition comprising a phospholipid-stabilized oxidizable material
is disclosed. The composition comprises an oxidizable material, a
phos-pholipid, and an optional protein. The phospholipid reduces the oxidation
of the oxidizable material in the absence of water."
Solae, LLC
manufactures soy-food ingredients for the meat and poultry, consumer food,
dairy-alternative, and nutritional products segments. Its products include
textured vegetable proteins, textured and functional protein concentrates and
isolates, specialty lecithins, polymers, flours, and fibers. The company also
provides soy fiber ingredients for food manufacturers of tortillas and flat
breads. Solae, LLC was formerly known as DuPont Protein Technologies, Inc.
Related Topics
Legal
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.80 |
|
UK Pound |
1 |
Rs.72.86 |
|
Euro |
1 |
Rs.63.11 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.