Vinamilk and Del Monte in Philippines joint venture

摘要

Vietnam Dairy Products Joint Stock Company (Vinamilk) says it has forged an alliance with Del Monte Philippines (DMPI), a subsidiary of Del Monte Pacific. Total investment capital for the first phase is $6 million (€5.1m), in which, Vinamilk and its partners contribute 50% each, the website Vietnam+reports. The joint venture will import dairy products from Vinamilk, and market and distribute them in the Philippines through DMPI. It will use the co-brand Del Monte-Vinamilk for its products and to promote the brand strength of both businesses. The joint venture will take advantage of Vi-namilk's strength in production and Del Monte in distribution, the companies say.