JAPAN: Suntory eyes South-East Asia for coffee RTDs
Japanese drinks group Suntory is reportedly planning to sell a range of coffee RTDs in Singapore and Malaysia.
Suntory, which is Japan's fourth-biggest brewer but also has interests in distilling and soft drinks, is looking to sell its Boss brand of canned coffee in South-East Asia.
On Saturday (20 January), Japanese financial newspaper the Nikkei Report said Suntory is looking to tie up a production and distribution deals for Boss with local firms.
Suntory is looking to achieve sales of JPY10bn (US$82.2m) in South-East Asia, the report added.
Suntory, alongside its brewing counterparts in Japan, is looking to growth overseas to offset stagnant domestic beer consumption. Last year, the company bought brewing assets in China from Foster's Group for an undisclosed sum. In October, the company said it would start selling a range of Japanese whiskies in Russia.
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