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Indofood CBP forms JV with JC Comsa
Publicly listed food company PT Indofood CBP Sukses Makmur (ICBP), part of the Indofood Group, announced on Monday that it had signed an agreement with Japanâs JC Comsa Corporation to form a joint venture
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ublicly listed food company PT Indofood CBP SuksesMakmur (ICBP), part of the Indofood Group, announced on Monday that it hadsigned an agreement with Japan's JC Comsa Corporation to form a joint venture.
According to a statement issued by the Indonesia Stock Exchange (IDX), Indofood CBP will have a 51 percent stake within the joint venture, while JC Comsa will own the remaining 49 percent. The new company will oversee the production and distribution of flour-based food products, food services and restaurant management.
Indofood CBP produces noodles, dairy products, food seasonings, snacks, nutritional supplements and special foods. It has not before had its own restaurant outlets or chains.
Meanwhile, JC Comsa is a food and restaurant firm that is listed on the JASDAQ Securities Exchange. Its food products range from pizza dough to bread, while its restaurant chains include Ichiban Dori and Shanghai Express.
