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Alltech, Mitsui and Asahi Breweries Create New Venture
Date:3/11/2009

The Mitsui trading company and the world renowned Japanese Asahi Breweries announced a new partnership, which will create a joint venture company trading as Advanced Yeast Technologies Japan between Mitsui and Asahi.

Lexington, KY (Vocus) March 11, 2009 -- The Mitsui trading company and the world renowned Japanese Asahi Breweries announced a new partnership, which will create a joint venture company trading as Advanced Yeast Technologies Japan between Mitsui and Asahi. Global animal health company, Alltech with more than 28 years' experience in the area of yeast production, processing and development will provide the research and development required to bring the products of this collaboration to the commercial marketplace. By 2014, 20 billion yen ($200 million/158 million) in sales is targeted by the company.

President and founder of Alltech, Dr. Pearse Lyons commented: "With our global vision, ability to operate locally in 113 countries and continually developing R&D facilities, Alltech is the ideal partner for this venture. We have been working with Mitsui for over 25 years and look forward to making these plans a reality. Further, as title sponsor of the Alltech FEI World Equestrian Games 2010™, Alltech will construct international pavilions, where the tastes and flavours of countries including Japan will be showcased to the world."

Alltech's global capacity in the production of yeast includes the world's largest yeast factory in São Pedro, Brazil. In addition Alltech's Serbian yeast manufacturing plant is capable of supplying the marketplace with product. Alltech's Quality System which exceeds global quality standards
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Source: PRWeb
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Alltech, Mitsui and Asahi Breweries Create New Venture
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