Japanese meat firm Itoham Foods and processed food and seasonings giant Ajinomoto have agreed to work together to cut costs in a challenging trading environment.
The move comes in response to Japan’s ageing population and increasing concern about food safety, as well as rising commodity and energy costs.
“The supply and demand structure for natural resources, energy and food raw materials is changing significantly on a global scale,” the companies said.
Itoham and Ajinomoto will look to take advantage of their mutual businesses to produce synergies.
“Each company can allocate functions and co-operate to ensure the safety and traceable reliability of raw materials, and to promote the sharing of that information with customers,” the companies said in a joint statement.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe companies will cooperate in product development, joint sales promotions, new dietary lifestyle proposals related to customer health and dietary education, and overseas business development.