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  • European Approval of Stevia Opens New Opportunities for GLG Life Tech Corp. (GLGL) 0 comments
    Nov 14, 2011 2:05 PM | about stocks: GLGLF

    GLG Life Tech is a global leader in the supply of high purity stevia extracts – an all-natural, zero calorie sweetener used in food and beverages. The company’s operations cover each step in the supply chain, from the stevia plant to marketing and distribution of the finished product.

    The company announced today that the European Parliament and the Council of Ministers have formally adopted the regulation to allow the use of steviol glycosides in the European Union this year. The regulation will take effect 20 days after it is published in the EU Official Journal.

    This decision means that consumers across Europe could begin seeing products sweetened with steviol glycosides as early as December 3. The decision by the EU Parliament was seconded by the European Food Safety Authority. And it confirms the long standing position held by the Joint FAO/WHO Expert Committee on Food Additives (JECFA) that steviol glycosides are safe for everyone to consume and are suitable as sweetening options for diabetics.

    Now that stevia has approval, GLG will begin distributing it across Europe through previously established agreements with seven distributors. The companies involved in the distribution of stevia include: PK Chemicals, Nordmann, Rassmann GmbH, Keyser & Mackay, ChemPoint.com, Caldic Ingredients B.V., Emilio Pena SA and Gusto Faravelli S.P.A.

    For more information on GLG Life Tech and Stevia, please visit its website at www.glglifetech.com

    Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html

    Stocks: GLGLF
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