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Suntory, PepsiCo In Southeast Asia Soft Drink Tie-Up
TOKYO: Suntory Ltd. said Friday it has agreed to tie up with PepsiCo Inc. in an effort to tap into Southeast Asia's lucrative soft drink market. The privately-held Japanese soft drink and liquor maker said it will sell its canned "Boss" coffee brand via the U.S. company's sales network in Malaysia and Singapore as early as November.Suntory currently bottles and distributes PepsiCo products in Japan. The new tie-up will help the company register additional sales of Y2 billion in 2010.It will expand sales to Vietnam and other countries from 2009. Suntory said it will consign production to a local producer in Malaysia, but declined saying which company.The company said separately it will buy a 50% stake in a unit of Tipco Foods (Thailand) PCL (TIPCO.TH) for about Y4 billion.The alliance will allow Suntory to locally produce and sell its oolong tea and other soft drinks, except coffee, in Thailand from autumn 2009.
Chinese traders keen on promoting bilateral tea-trade with India
Siliguri, Sep 8 (ANI): Chinese traders have said that they are keen on importing tea from India, and would like to export Chinese green tea to the country. A four-member delegation of the China Tea Marketing Association (CTMA) said that it wished to play a pivotal role in exploring bilateral trade possibilities. "I want to import many kinds of tea. My company is very interested in importing black tea...I love Darjeeling tea," said Vincent Ngai, General Manager, Fujian Yuantai Tea Limited of China. "This is bilateral trade, things are opening up. The Chinese have started liking Indian tea--black tea, masala chai or Darjeeling. They are starting to understand Indian tea, like we are trying to understand the Chinese," said Rajiv Lochan, an Indian tea exporter.
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