Type Public Industry Food and beverage Products Sweeteners Headquarters Malaysia Subsidiaries PureCircle Sdn Bhd | Traded as LSE: PURE Key people Magomet Malsagov (CEO) Revenue 101.1 million USD (2014) Founded 2001 | |
 | ||
Stock price PURE (LON) 300.00 GBX 0.00 (0.00%)30 Mar, 10:43 AM GMT+1 - Disclaimer Profiles | ||
Sweet in so many ways purecircle stevia
PureCircle Ltd is the leading producer of high-purity stevia ingredients to the global food and beverage industry. PureCircle has offices around the world with the global headquarters in Kuala Lumpur, Malaysia. PureCircle's shares are listed on the Main Market of the London Stock Exchange and trade under the ticker symbol PURE.
Contents
Purecircle facility expansion for extraction and purification of stevia leaf extract
History
PureCircle was founded in 2002 and incorporated into PureCircle Ltd. in 2007. From its inception the company has created and continues to operate a vertically integrated supply chain for high-purity stevia from crop cultivation through extraction, production and final product distribution.
On December 2007, PureCircle made an initial public offering on the Alternative Investment Market (AIM) of the London Stock Exchange to raise US$50M to fund expansion.
Overall PureCircle invested more than $300 million and is leading the industry with the development of a sustainable, vertically integrated supply chain operating in four continents. Across these regions, PureCircle grows stevia plants, and extracts and refines the stevia extract, which translate into a broad range of ingredient solutions for food and beverage manufacturers worldwide.
Throughout its history, the company has worked with various regulatory bodies in different countries to obtain approval for the use of stevia-based sweeteners in foods and beverages. India is the most recent country to lend its approval.
In 2010, the company launched the Global Stevia Institute, an organization that provides science-based information about stevia, serving as an educational resource for health professionals, manufacturers and the general public.
Operations
PureCircle is a leading international producer and marketer of specialty natural ingredients based on high-purity stevia. The company oversees production of stevia in Asia, Africa and the Americas and works with producers to promote the use of sustainable practices at each step of the production and distribution process. PureCircle operates a vertically integrated supply chain, managing its resources from the plant through harvesting, processing and formulation. This focus enables PureCircle to integrate sustainability directly into its business model.
In 2012, PureCircle announced a joint development agreement with the Coca-Cola Co. to investigate new forms of stevia and to provide stevia for future beverage products.
In 2013, the company said it would be providing a new high-purity Rebaudioside sweetener (Reb M) for the production of Coca-Cola Life in the United Kingdom, United States and other countries starting in 2014. In 2015, the company secured a significant regulatory approval with the European Food Safety Authority, concluding Reb M is safe for use as a sweetener in the European Union.
In 2015, the company secured a Premium Listing on the London Stock Exchange Main Market with shares commencing trade on October 28, 2015.
PureCircle has a commercial presence on five continents, including North America, Latin America, Europe, Asia and Africa and five in-market applications laboratories on four continents.
Offices
Corporate Head Office
Other offices located in:
Products
As of 2016, PureCircle has more than 17 proprietary stevia ingredient products designated for use in food or beverage formulations. These stevia ingredients are categorized into product families, including SG95, Reb A, Alpha, Delta and Zeta (which have the most sugar-like taste), and Matrix Solutions.
Financials
Officers
Magomet Malsagov, founder and CEO
Board of Directors
Paul Selway-Swift, Non-Executive Chairman
Rakesh Sinha, Chief Financial Officer
Peter Lai Hock Meng, Non-Executive Director
Olivier Maes, Non-Executive Director (retired 1 March 2016)
Christopher Pratt, Senior Independent Non-Executive Director
Guy Wollaert, Non-Executive Director
Mitch Adamek, Non-Executive Director
John Gibney, Non-Executive Director (appointed with effect from 11 April 2016)
Recognition and Awards
PureCircle’s achievements have been recognized by the readers of the Financial Times Investors Chronicle who in 2009 voted PureCircle as AIM International Company of the Year. In 2014, PureCircle received the World Dairy Innovation Award for Best Environmental Sustainability Initiative at the 8th World Dairy Congress. PureCircle won the 2014 "Sustainability Commercialized" Award from Ethical Corporation, a global publication dedicated to corporate social responsibility. PureCircle has also been nominated as a finalist for its sustainability effort at Food Ingredients Europe (FiE) 2013 sustainability and World Beverage Innovation awards 2014.