Stevia Corp has announced that, following its record harvest, it is expanding its production base and has secured financing from an institutional investor to fund the planned expansion.
Stevia Corp said that its expansion plans will focus on developing a supply chain of higher value added products for the US market serving the healthy lifestyle sector resulting in both higher revenue and margins.
“Our focus on the healthy lifestyle sector is resonating with US buyers and we expect to confirm our first orders in June,” said George Blankenbaker, Stevia Corp president. “Although we expect to sell some products oriented to the retail market, we have had very positive responses from large volume commercial buyers seeking new supply chains for their growing markets and we expect the vast majority of our revenue to be produced from commercial orders.”
