January 20, 2004

Solbar Begins Construction of A New Specialty Soy Protein Plant in China

Solbar has begun construction of a new specialty soy protein plant in China at the Ningbo Free Trade Zone, southeast of Shanghai, the company announced on Monday.

The new state of the art facilities will be equipped to produce Solbar's functional soy protein concentrates, textured soy concentrates and steam-textured soy proteins. The facility is designed in accordance with high quality control standards in which HACCP principles are implemented.

The plant is forecasted to begin production by December 2004, and supply fast growing markets for soy proteins. 

"This is a major investment for us at Solbar, that represents our global strategy to lead the soy proteins market in Asia Pacific and China¡" says Micha Harari, Managing Director at Solbar, "and make it possible for Solbar to increase its overall soy protein  production capabilities."

About Solbar

Solbar Hatzor Ltd. and Solbar Plant Extracts Ltd. specializes in manufacturing soy protein concentrates and isolates, and soy isoflavones. In 2000, the companies were brought together under one roof, as Solbar Industries Ltd.

Solbar main focus is on developing new soy products that meet the expectations of manufacturers and new consumer demands.