MEGMILK SNOW BRAND Co.,Ltd. to Establish Joint Venture with PT RODAMAS and Itochu Corporation
MEGMILK SNOW BRAND Co.,Ltd. announced that it has decided to establish a joint venture with a Indonesia-based company, PT RODAMAS and Itochu Corporation, in March 2012. The joint venture, named as PT MEGMILK SNOW BRAND INDONESIA, will be capitalized at USD 5 million and will be engaged in the manufacture and sale of process cheese. MEGMILK SNOW BRAND, PT RODAMAS and Itochu Corporation will each hold a 51%, 40% and 9% stake in the joint venture, respectively.
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