date:Mar 12, 2014
Algatechnologies, an Israel-based manufacturer of natural astaxanthin, is set to expand production capacity of AstaPure brand at its facility in the Arava Desert, with an investment of $20m.
The investment is part of the transformation by UK investment group Grovepoint, which acquired control of Algatech in 2013.
Algatech CEO Hagai Stadler said, The expansion will be executed in phases, with a substantial part to be completed in 2014.
Part of the new plant is dedicated specifically for produc