Nestle announces JV with Lotte Foods that will manufacture, distribute Nescafe's premium beverage products in South Korea, including soluble coffees, powdered fruit beverages, coffee creamers
June 3, 2014
(Industry Intelligence Inc.)
– Lotte Foods and Nestle launched a joint venture (JV) that will manufacture and distribute Nescafe's premium beverage products in South Korea, The Korea Times reported June 1.
The 50-50 JV was named Lotte-Nestle Korea and will manufacture, distribute and sell Nestle's Nescafe soluble coffees, powdered chocolate, malt beverages, powdered fruit beverages, coffee creamers, pet care products and Nestle professional products in Korea. It will also operate a factory in Cheongju, North Chungcheong Province.
The primary source of this article is The Korea Times, Seoul, South Korea, on June 1, 2014. Click here to read the original source's primary version of the article.