JAPAN: Kirin unit to set up drink JV in Vietnam - report
Kirin Beverage Corp, a unit of Kirin Holdings Co, has plans to set up a drinks joint venture with noodle company Acecook in Vietnam, according to reports.
Dow Jones International News said today (28 November) that Kirin will hold a 51% stake in the new company, named Vina Kirin Acecook Beverage Co, which is due to be established next May.
The $26m joint venture will initially outsource production, but aims to set up its own plant and begin production from the beginning of 2009, the news service said.
The company will reportedly employ approximately 100 staff.
Kirin Holdings and Sapporo Holdings are looking to merge their beer distribution in the north of Japan, according to local reports....
Domestic shipments of beer and beer-like products in Japan registered a fall in the first three months of 2008, according to recent figures....
Kirin Holdings is on the hunt for partnerships in India, Thailand and Vietnam, according to local reports....
Domestic shipments of beer and beer-like beverages in Japan rose slightly last month ahead of further price rises in the country, according to recent figures....
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