date:Apr 19, 2016
Olam International and Mitsubishi Corporation (MC) have formed a joint venture called MC Agri Alliance (MCAA) in Japan for the supply of agricultural and food products
The joint venture will import and distribute coffee, cocoa, sesame, edible nuts, spices, vegetable ingredients and tomato products to Japan.
Mitsubishi will have 70% ownership of the joint venture while Olam will own30% in it.
MC Agri Alliance will leverage the strengths of both companies.
The joint venture will capitalize on