Beleaguered Japanese meat processor Nippon Meat Packers has denied there is any truth in rumours that it is considering spinning off its meat operations into a new company.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
According to a report in the Nihon Keizai Shimbun, Nippon is looking at a proposed spin-off plan as a way of improving its safety and quality management. The report speculated that the firm may set up a holding company to better control its ham and sausage, processed products and meat operations, and increase the transparency of each business area.
However, Dow Jones reports that Nippon is not considering such a plan.
