Itochu settles strategic agreement with Thai group
Dhanin Chearavanont, Chairman and CEO of Charoen Pokphand Group. (Photo: Stock File)
(JAPAN, 7/25/2014)
Itochu Corporation has agreed and executed a strategic alliance agreement with one of Asia’s leading Agriculture-based conglomerate company Charoen Pokphand Group Company Limited (CPG) with the aim of deepening mutual cooperation and maximizing corporate value with their corporate group.
This agreement, subsequent to the approval of Itochu board of directors, will combine the firm's strengths as one of the top class trading houses in the non-resource business, and CPG’s strong network and wide recognition to further expand and strengthen its foothold in the non-resource sector in Asia, and elsewhere.
In addition, both firms will bring together the sourcing, sales, and information capabilities of each group to realize the synergistic benefits as in increase of s...
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