Martek inks Chinese dairy deal as Q2 grows 34%

By Shane Starling

- Last updated on GMT

Related tags: Docosahexaenoic acid, Martek

Global DHA leader Martek Biosciences Corporation has signed a deal to supply Feihe Dairy in China with DHA and ARA for the American Dairy-owned operation’s new infant formula and follow-on milks.

The deal comes as Martek announced sales increased 34 percent in Q2 to reach $124m for the quarter - $18m of which came from its end-product acquisition – Amerifit.

The DHA (docosahexaenoic acid ) and ARA (arachidonic acid) Chinese supply deal follows a May deal signed with China’s biggest dairy Mengniu for a children’s milk.

"Featuring life'sDHA and life'sARA, Xinfeifan Baby Formula Milk Powder is designed to meet the nutritional requirements of child growth and development,"​ said You-bin Leng, Feihe Dairy chairman and CEO in a statement.

Of its Q2 financial performance, Martek CEO Steve Dubin said: "The improving economy, new launches of products with Martek's life'sDHA​, growing international markets for Martek's products and sales of Amerifit's branded consumer health products all contributed to Martek's record quarterly results.”

“This year as a whole is looking strong from a revenue perspective, although revenues for the balance of 2010 are projected to be somewhat uneven on a quarter-to-quarter basis due to customer plant shutdowns for maintenance and other timing matters.”

He said extra brands would be launched through Amerifit over the next 18 months.

China and omega-3

Leading omega-3 supplier Ocean Nutrition Canada announced recently it would be establishing an office in Shanghai this year to meet an expected increase in demand.

It also has a distribution partnership with Chinese firm Ruihua Hexin International.

The Chinese diet has typically been high in fish and therefore less in need of omega-3 supplementation, but western dietary habits are changing this dynamic and increasing the number of people who are omega-3 deficient.

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