Business

Alltech, China reach $2.5M research deal

Nicholasville-based animal nutrition giant Alltech announced Thursday a $2.5 million strategic research alliance with universities and research institutes in China, the largest animal feed market in the world.

Mark Lyons, senior vice president and son of founder Pearse Lyons, transferred to China in January to spearhead the Chinese Research Alliances, the company said.

"Issues such as mycotoxins, feed and food safety and the environmental impact of our industry are strongly present in China. Also, in times of the highest ever raw material prices in history, Chinese animal producers still need to be profitable by reducing feed costs and increasing animal performance. One of the biggest questions for China is how the country can improve the feed conversion rate and, at the same time, decrease the dependence on crop imports," Mark Lyons said. "Alltech's investment of more than $2.5 million to the Chinese Research Alliances over the next five years clearly indicates our commitment to find sustainable solutions to these challenges together with some of the world's best universities."

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