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Asahi Group Holdings Ltd's Subsidiary to Establish Joint Venture with OSOTSPA Co., Ltd. in Thailand

Thursday, 14 Mar 2013 01:00am EDT 

Asahi Group Holdings Ltd announced that its subsidiary, CALPIS CO., LTD., has decided to establish a joint venture with OSOTSPA Co., Ltd., effective by the end of March 2013. The joint venture, CALPIS OSOTSPA Co., Ltd., will be engaged in manufacturing, marketing and exporting of soft drink under the brand of CALPIS, based in Bangkok. CALPIS CO., LTD. and OSOTSPA Co., Ltd. will have a respectively 60% and 40% stake in the joint venture. 

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