Date
19 October 2017

Japan, Korea firms in egg processing JV in Beijing, Kyodo says

Kyoto-based egg processor Pharma Foods International Co. Ltd. has signed an agreement with Japan’s largest egg producer Ise Foods Inc. and South Korean food giant Pulmuone Co. Ltd. to set up an egg processing and sales joint venture in Beijing by the year-end and begin operations in April 2014, Kyodo news agency reported Tuesday, without identifying its source. The venture, to be named Delica Foods, will sell various high-quality egg products in the Chinese market. The firm will have registered capital of about 300 million yen (US$2.99 million) and annual sales target of one billion yen, the report said.

– Contact HKEJ [email protected]

TL/AC/RC

 

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