January 10, 2018

Mitsubishi, Betagro set up Thai joint venture for poultry processing

A joint venture for a poultry processing plant has been established between Mitsubishi Corp and Betagro Group.

The project, based in Thailand, will be injected with a total investment of JPY6 billion (US$53.4 million). Once operational in October, the new plant is expected to produce an annual output of 30,000 tonnes of processed chicken meat. Most of the output will be delivered to Japan, with the rest sold in Thailand and other countries, including Singapore and Hong Kong. 

A 50% stake in the joint venture would be allocated to Mitsubishi, along with a 25% share held by its affiliate Itoham Yonekyu Holdings and Betagro each,  according to Nikkei Asian Review.