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Ajinomoto and Indonesian company form cosmetic ingredients JV

3:48 AM MDT | October 1, 2012 | Deepti Ramesh

Ajinomoto (Tokyo) says it has entered into an agreement with Indonesian chemical company Lautan Luas (Jakarta) to establish a joint venture in Indonesia to produce cosmetic ingredients. Ajinomoto will hold 66.67% stake in the jv, called Lautan Ajinomoto Fine Ingredients, and Lautan Luas will hold the remaining 33.33%. The jv, which will be established in December 2012, will be located in the Greenland International Industrial Center, in Bekasi Regency, Indonesia. The new company will begin manufacturing cosmetic ingredients for personal care products in the...

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