Mitsui Sugar Co., Ltd. Establishment of Joint Venture with Yingkou New Northern Sweet
December 06, 2019 at 07:15 am
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Mitsui Sugar Co.,Ltd. have established a new joint venture for the purpose of manufacturing and selling small-packed sugar and various types of processed sugars following the investment in COFCO Sugar Liaoning Co.,Ltd ("COFCO Sugar Liaoning") last year. At the end of last year, the company invested in COFCO Sugar Liaoning, which has one of the largest refined sugar factories in China, and the company is striving to strengthen supply system in order to meet high-quality sugar demands from the food industry. In China's home use retail sugar market, there is a lot of room for improvement and development in terms of product lineup, quality and cost, and the company has examined business opportunities that can make use of experience and technology. This time, the company established a joint venture with YINGKOU NEW NORTHERN SWEET ("YNNS"), in order to produce the products that are expected to expand in the future, in YNNS's sugar refinery site. Sugar small packing processing system integrated with large-scale sugar refinery is still rare in China. The company will build a sugar supply chain that covers both BtoB market for food companies and BtoC market for home use in China.
Mitsui DM Sugar Holdings Co Ltd, formerly Mitsui Sugar Co Ltd, is a Japan-based company mainly engaged in the manufacture and sale of raw sugar, refined sugar and sugar-related products. The Company operates in three business segments. The Sugar segment is engaged in the manufacture and sale of raw sugar, refined sugar and sugar-related products. The Food Science segment is engaged in the manufacture and sale of natural sweeteners, pigments, flavors, sugarcane extract, agar, bio products, nutritional therapy foods, and foods for swallowing disorders. The Real Estate segment is engaged in the leasing of land, stores and offices, as well as the provision of solar power generation business.