NutraSweet to exit artificial sweetener aspartame business

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NutraSweet to exit artificial sweetener aspartame business

(Reuters) - Artificial sweetener maker NutraSweet Co said on Wednesday it would exit its aspartame business by the end of the year, citing increasing foreign competition. Aspartame, which is about 200 times sweeter than sugar, is widely used to sweeten diet sodas. "Low-cost imports now dominate the aspartame market, making it impossible for us to sustain a profitable business ...," Chief Executive William DeFer said in a statement. The company markets its aspartame-based sweeteners under the brand name NutraSweet aspartame. ...

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