Natural Combination of Alltech, Mitsui and Asahi Breweries Creates New Venture
[Dublin, IRELAND] -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 over 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/EUR158 million) in sales is targeted by the company.
Alltech's global capacity in the production of yeast includes the world's largest yeast factory in S?o Pedro, Brazil. In addition Alltech's Serbian yeast manufacturing plant is capable of supplying the marketplace with product. Alltech's Quality System which meets and 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.
President and Founder of Alltech, and Brewer, 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 2010TM, Alltech will construct international pavilions, where the tastes and flavours of countries including Japan will be showcased to the world."
Alltech is the proud sponsor of the Alltech FEI World Equestrian Games 2010(TM) 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: www.alltech.com