Receive our newsletter – data, insights and analysis delivered to you
  1. News
May 19, 2016

Calbee wants speedy return to Taiwan

Calbee, the Japan-based snacks maker, is looking to re-enter Taiwan "as soon as possible" after dissolving its venture in the nation.

By Beth Wright

Calbee, the Japan-based snacks maker, is looking to re-enter Taiwan “as soon as possible” after dissolving its venture in the nation.

The company decided to end the Calbee (Taipei) Foods venture it had with Taiwanese group Wei Chuan Foods unit last month. The venture was selling snacks marketed under Calbee’s Jagabee brand.

Since last June, our partner has been asking us if we want to buy all the stocks [in the venture],” Calbee told just-food. “We considered it and decided not to buy the stocks and wind up the company. We are well received in Taiwan and would like to be back at the market as soon as possible.”

Calbee said it had not decided whether it would look for a new partner in Taiwan or work in the market independently.

Last week, Calbee reported higher annual sales and earnings, with growth at home and abroad.

Calbee, in which PepsiCo owns a minority stake, forecast its net sales, operating income and net income would all again increase in its new financial year, although the company has estimated growth will temper in the 12 months to the end of March 2017.

Content from our partners
GMP: The food sector’s golden rules (and how they will evolve)
Food fraud in the supply chain (and how to fix it)
VEGA level and pressure instrumentation for the food industry

Related Companies

Topics in this article: ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy