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Japan-Update

Mitsubishi to launch Thai poultry processing joint venture

Japanese trading house eyes local sales and exports to tap growing demand

TOKYO -- Trading house Mitsubishi Corp. intends to open a plant in Thailand to fry, steam and freeze chicken for export to Japan and elsewhere, under a joint venture with local food company Betagro Group.

The 6 billion yen ($53.2 million) poultry processing facility is slated to debut in October in an industrial park in the central province of Saraburi. The factory, about 90km north of Bangkok, is expected to produce 30,000 tons of processed chicken meat a year. While some of the meat will be sold in Thailand or exported to Singapore, Hong Kong and elsewhere, Japan will be the main market.

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