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ITOCHU Establishes Cheese Manufacturing, Marketing Company in Indonesia
 

Tokyo, Feb 28, 2012 (JCN) - Tokyo-based ITOCHU Corp. and Megmilk Snow Brand Co. Ltd, and Indonesian company PT RODAMAS will establish a joint venture (JV) company Indonesia to manufacture and market processed cheese.

The JV, PT Megmilk Snow Brand Indonesia, will combines the overseas material purchasing power of ITOCHU, the technology of Snow Brand and the domestic sales force of RODAMAS to actively pursue business in the country, where the market size of processed cheese is expected to further expand.

It will be located in Bekasi, West Java Province, and will have an initial capital of $5 million.

The establishment of the joint venture in Indonesia is expected to become ITOCHU's springboard to expand its dairy product business in the Asian countries.

By Saroj Shrestha Staff Writer

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