BioGaia sells LifeTop Straw to China
BioGaia has started delivery of products according to the development and sales agreement that was signed 2003 with one of China's largest dairies. The delivery concerns BioGaia's patented straw, LifeTop Straw.
"China is a large and important market and the volumes we will deliver during the coming year are very interesting. If the launch is successful, it may be a question of very large volumes" says Peter Rothschild, President BioGaia AB.
LifeTop Straw is produced by BioGaia's 50% owned company TwoPac AB in Eslöv. Due to the increased demand for LifeTop Straw, TwoPac AB has built a further machine for production which more than doubles the production capacity.
Latest press releases from BioGaia:
2008-12-03 BioGaia signs distribution agreement in Ireland and the Middle East.
2008-11-13 BioGaia expands collaboration in Ukraine and Kazakhstan
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For additional information contact:
Peter Rothschild, Managing Director, telephone: +46 8 - 555 293 00,
Jan Annwall, Deputy Managing Director telephone: +46 8 - 555 293 00
BioGaia is a biotechnology company that develops, markets and sells probiotic products with documented health benefits. The products are primarily based on the lactic acid bacterium Lactobacillus reuteri (Reuteri), which has probiotic, health-enhancing effects. The class B share of the Parent Company BioGaia AB is quoted on the Small Cap list of the Nordic Stock Exchange in Stockholm.
www.biogaia.com