MITSUBUSHI, COFCO TO BUILD JOINT VENTURE TARGETING CHINA’S MEAT MARKET
June 1st, 2011
BY WANG FANGQING
Japanese conglomerate Mitsubishi and two major meat products manufacturers - Itoham Foods and Yonekyu - will establish a joint venture with China's largest food company COFCO next month. The total investment will be about Chinese Yuan Renminbi CNY10 billion (US dollars USD1.54 billion), just-food was told. The company will comply with Japanese quality control standards, said a Mitsubishi spokesman: "We will introduce Japanese standards and the advanced meat processing technology to the JV to provide safe meat products to the Chinese ...
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