ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business

Asahi pulling out of beverage JV with Indofood

Departure highlights challenges in Indonesia's consumer sector

Asahi has produced bottled tea in a joint venture with Indofood. (Photo by Wataru Suzuki)

JAKARTA -- Japan's Asahi Group Holdings said on Monday that it plans to divest its interest in a beverage joint venture with Indonesia's Indofood CBP Sukses Makmur, a unit of Salim Group, to refocus on its core alcohol business.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more