Market intelligence, trend analysis and forecasts for the Food and Drink industries across the regions

Companies / Indonesia

Meiji Looking For Dairy Growth Across South East Asia

June 2011 | Company News Alert

Japanese dairy product manufacturer Meiji Holdings has big plans for South East Asia. The company is planning to double its sales in the region from JPY9.7bn (US$120.0mn) to JPY20bn (US$247.4mn) through a five-year investment plan with its joint venture partner Charoen Pokphand Group (CP Group). CP-Meiji, the joint venture between Meiji and CP Group, plans to invest JPY5bn (US$61.8mn) within the next five years and will retain a strong focus on expanding its regional production capacity. With already decent exposure to high-growth dairy markets such as Malaysia, as well as developed markets such as Singapore, CP-Meiji's looks well placed to grow strongly outside of Japan.

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