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 will ensure that all product is safe, natural and fully traceable. The researchers from Alltech's three Bioscience Centers located in the United States, Ireland and Thailand and Alltech's Nutrigenomics Center, the first devoted to animal health, will guarantee the technical expertise necessary to make this venture possible.
Alltech is the proud sponsor of the Alltech FEI World Equestrian Games 2010™ to be held in Kentucky, USA from the 25th September to the 10th October 2010 and the Alltech FEI European Jumping and Dressage Championships to be held in Windsor, United Kingdom from the 25th to the 30th August 2009. For further information on Alltech visit: http://www.alltech.com .
Notes to Editor:
Mitsui & Co., LTD.
Mitsui is a global trading company present in a wide range of countries. Utilising their global operating locations, network and information resources, they are multilaterally pursuing business that ranges from product sales, worldwide logistics and financing, through to the development of major international infrastructure and other projects in the following fields: Iron & Steel Products, Mineral & Metal Resources, Infrastructure Projects, Motor Vehicles, Marine & Aerospace, Chemicals, Energy, Foods & Retail, Consumer Services, Information, Electronics and Telecommunications, Financial Markets and Transportation Logistics. Website: http://www.mitsui.co.jp/en/
Asahi Breweries, LTD.
Asahi Breweries, LTD. is the number one brewer in Japan with an expertise in the area of yeast and yeast strains. Website: http://www.asahibeer.co.jp/english/
Advanced Yeast Technologies Japan
The headquarters of Advanced Yeast Technologies will be established in Sumida-ku, Tokyo and the representing director will be Mr. K. Iwato. The company will sell yeast extract. The purpose of the company is to develop products from emerging natural food flavour and to provide an alternative to products such as monosodium glutamate. Mitsui will be responsible for sales in American and European markets and both Asahi and Mitsui will cooperate to develop sales in the Asian market.