November 18, 2011
Sumitomo to establish joint venture with Sichuan New Hope
Sumitomo Corp announced that it intends to set up a joint venture with Sichuan New Hope Agribusiness Co Ltd to establish a meat products joint venture in March 2012.
The joint venture will mainly be involved in the import, export and retail of meat products and will target 30,000 to 40,000 tonnes of yearly sales within five years.
Sichuan New Hope Agribusiness Co Ltd is a major Chinese animal feed producer.