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. 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.