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Ajinomoto sells French sweetener business to Hyet Holding for Euro 1

Ajinomoto Co will further promote specialty by strengthening the structure of its sweeteners business through the consolidation of its aspartame production bases

BS B2B Bureau  |  Tokyo, Japan 

Co Inc has decided to transfer all issued and outstanding shares of its French wholly owned subsidiary Sweeteners Europe SAS (ASE) to the Netherlands-based BV (HH) for a token amount of Euro 1.
 
Co has adopted ‘Fit & Grow with Specialty’ (growth driver advancement and further reinforcement of business structure with unique Group specialty) as key principles of its FY2014-2016 medium-term management plan. In its sweeteners business, Co is further promoting specialty by expanding its product domains for Japanese and overseas consumers under these key principles, with the aim of providing products that are both delicious and low in calories. On the other hand, the company has been studying the appropriate state of its production system for its commodity product aspartame, an amino acid-based
 
The business of Co began in 1982 and currently its Tokai plant (Yokkaichi City, Japan) and ASE in France handle production, with sales in approximately 80 countries and regions worldwide. The size of the global market for has been basically unchanged for the past three years, but the profitability of Co’s business is on a downward trend, with a decline in selling prices due to a series of new market entrants since 2000. To strengthen the structure of this business, Co decided in 2014 to consolidate its production bases at the Tokai plant and began considering candidate purchasers for ASE.
 
In May 2015, Co received a formal offer from Hyet Sweet BV (HS), an import and sales company for sweeteners and other products based in the Netherlands, and has reached an agreement on conditions of the sale, including the employment continuation period for ASE employees, and made arrangements for the signing of the share transfer agreement. Hyet Holding, which is a fellow subsidiary of Hyet Sweet, is a holding company that has been newly established in connection with this share transfer.
 
Co will further promote specialty by strengthening the structure of its sweeteners business through the consolidation of its production bases.
 
Co expects to record an extraordinary loss of around Yen 7 billion from this sale, and has incorporated the loss in its consolidated performance forecast for the fiscal year ending March 31, 2016, which it announced on May 8, 2015. 

First Published: Mon, August 31 2015. 14:55 IST
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Ajinomoto sells French sweetener business to Hyet Holding for Euro 1

Ajinomoto Co will further promote specialty by strengthening the structure of its sweeteners business through the consolidation of its aspartame production bases

Ajinomoto Co will further promote specialty by strengthening the structure of its sweeteners business through the consolidation of its aspartame production bases Co Inc has decided to transfer all issued and outstanding shares of its French wholly owned subsidiary Sweeteners Europe SAS (ASE) to the Netherlands-based BV (HH) for a token amount of Euro 1.
 
Co has adopted ‘Fit & Grow with Specialty’ (growth driver advancement and further reinforcement of business structure with unique Group specialty) as key principles of its FY2014-2016 medium-term management plan. In its sweeteners business, Co is further promoting specialty by expanding its product domains for Japanese and overseas consumers under these key principles, with the aim of providing products that are both delicious and low in calories. On the other hand, the company has been studying the appropriate state of its production system for its commodity product aspartame, an amino acid-based
 
The business of Co began in 1982 and currently its Tokai plant (Yokkaichi City, Japan) and ASE in France handle production, with sales in approximately 80 countries and regions worldwide. The size of the global market for has been basically unchanged for the past three years, but the profitability of Co’s business is on a downward trend, with a decline in selling prices due to a series of new market entrants since 2000. To strengthen the structure of this business, Co decided in 2014 to consolidate its production bases at the Tokai plant and began considering candidate purchasers for ASE.
 
In May 2015, Co received a formal offer from Hyet Sweet BV (HS), an import and sales company for sweeteners and other products based in the Netherlands, and has reached an agreement on conditions of the sale, including the employment continuation period for ASE employees, and made arrangements for the signing of the share transfer agreement. Hyet Holding, which is a fellow subsidiary of Hyet Sweet, is a holding company that has been newly established in connection with this share transfer.
 
Co will further promote specialty by strengthening the structure of its sweeteners business through the consolidation of its production bases.
 
Co expects to record an extraordinary loss of around Yen 7 billion from this sale, and has incorporated the loss in its consolidated performance forecast for the fiscal year ending March 31, 2016, which it announced on May 8, 2015. 
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Business Standard
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Ajinomoto sells French sweetener business to Hyet Holding for Euro 1

Ajinomoto Co will further promote specialty by strengthening the structure of its sweeteners business through the consolidation of its aspartame production bases

Co Inc has decided to transfer all issued and outstanding shares of its French wholly owned subsidiary Sweeteners Europe SAS (ASE) to the Netherlands-based BV (HH) for a token amount of Euro 1.
 
Co has adopted ‘Fit & Grow with Specialty’ (growth driver advancement and further reinforcement of business structure with unique Group specialty) as key principles of its FY2014-2016 medium-term management plan. In its sweeteners business, Co is further promoting specialty by expanding its product domains for Japanese and overseas consumers under these key principles, with the aim of providing products that are both delicious and low in calories. On the other hand, the company has been studying the appropriate state of its production system for its commodity product aspartame, an amino acid-based
 
The business of Co began in 1982 and currently its Tokai plant (Yokkaichi City, Japan) and ASE in France handle production, with sales in approximately 80 countries and regions worldwide. The size of the global market for has been basically unchanged for the past three years, but the profitability of Co’s business is on a downward trend, with a decline in selling prices due to a series of new market entrants since 2000. To strengthen the structure of this business, Co decided in 2014 to consolidate its production bases at the Tokai plant and began considering candidate purchasers for ASE.
 
In May 2015, Co received a formal offer from Hyet Sweet BV (HS), an import and sales company for sweeteners and other products based in the Netherlands, and has reached an agreement on conditions of the sale, including the employment continuation period for ASE employees, and made arrangements for the signing of the share transfer agreement. Hyet Holding, which is a fellow subsidiary of Hyet Sweet, is a holding company that has been newly established in connection with this share transfer.
 
Co will further promote specialty by strengthening the structure of its sweeteners business through the consolidation of its production bases.
 
Co expects to record an extraordinary loss of around Yen 7 billion from this sale, and has incorporated the loss in its consolidated performance forecast for the fiscal year ending March 31, 2016, which it announced on May 8, 2015. 

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