Ajinomoto Co., Inc. has decided to amalgamate Ajinomoto Istanbul Food Sales Ltd., “Kükre A.Ş.” and “Örgen A.Ş.”, all of which are wholly owned subsidiaries in Turkey.
Ajinomoto Co. will make a new start as a comprehensive food manufacturer in Turkey to accelerate the expansion of its international consumer foods business in Turkey and the Middle East. The effective date of the amalgamation is scheduled for July 2018, and the new company will be named Ajinomoto Istanbul Food Industry and Trade Limited Company.
Ajinomoto Co. started business in Turkey with the establishment of Ajinomoto Istanbul Foods Sales Ltd. in 2011. The amalgamation of the three companies will consolidate their corporate functions. In addition, the new company will utilize the marketing and sales functions of Kükre A.Ş. and Örgen A.Ş. to establish a solid business platform for processed foods, as well as developing new products using the Ajinomoto Group’s specialized ingredients and technologies. Ajinomoto Co. will also strengthen exports to the Middle East in addition to sales in Turkey. In doing so, it will aim for fiscal 2020 sales of more than JPY 10 billion (about twice fiscal 2017 sales).