Aviko ends Snow Valley cooperation in China

French Fry manufacturer Aviko, a subsidiary of Royal Cosun and Snow Valley Agriculture have agreed to end their joint venture in China.

Washirika wote wawili walihitimisha kuwa maoni yao juu ya ukuaji katika soko la Wachina yanatofautiana kwa kiwango kwamba kuna msingi mdogo sana wa kuendelea kufanikiwa pamoja.

Kwa msingi wa mazungumzo ya kujenga, washirika wamekubaliana kwamba theluji Valley Agriculture will take over the Aviko share package of 51%. Aviko will pursue its growth ambition in China on the basis of alternative sourcing lines.

Makubaliano haya yanahitaji idhini kutoka kwa mamlaka ya Wachina. Shughuli hiyo inatarajiwa kukamilika mwishoni mwa mwaka huu.

Snow valley built a french fry factory in China in 2012 with help of Aviko. The potato usindikaji mmea ulianza uzalishaji mnamo 2013.

Katika 2014, Aviko increased its interest in the joint venture to 51 percent.

The company is marketing its french fries using the brand names Aviko, Diamond,Tulip and Windmill.

Aviko anamaliza ushirikiano wa Bonde la theluji nchini China

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