Singapore: Ezaki Glico sets up a new unit
Japan based snack manufacture Ezaki Glico has released a plan to set up a new, wholly owned subsidiary called Glico Asia Pacific Pte. Ltd. in Singapore on June 1st.
According to the press release, the new company has been set to engage in business control as well as marketing activities within ASEAN (Association of South‐East Asian Nations) area as the company sees it as "having expanding market every year with increasing demands from consumers", that is expected to grow in the future.
The company is to establish the brand "to be supported by consumers in the area" and to boost business expansion by setting a new company that is capitalised at about JPY1.5 billion ($13 million).