Japanese company Takeda-Kirin Foods Corp Co and South Korean food company Daesang Corp have entered into a joint venture to produce food seasoning in Indonesia, the Dow Jones newswire has reported.
Go deeper with GlobalData
Takeda-Kirin is 66% owned by Kirin Brewery, while the remainder is controlled by Takeda. At an estimated cost of US$80m, the JV will renovate a monosodium glutamate factory owned by the South Korean company.
When work is completed, the plant will have the capacity to produce 6,000 tonnes of nucleic acid-based flavour enhancers. Production is expected to commence in mid-2007.
Takeda-Kirin and Daesang will market the nucleic acid-based flavour enhancers separately.
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 GlobalData
