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Ajinomoto, Indonesian firm form cosmetic ingredients jv

9:07 AM MDT | October 12, 2012

Ajinomoto (Tokyo) says it has entered into an agreement with Lautan Luas (Jakarta) to establish a joint venture in Indonesia to produce cosmetic ingredients. Ajinomoto will hold 66.67% in the jv, Lautan Ajinomoto Fine Ingredients, and Lautan Luas will hold the rest. The jv, which will be established in December 2012, will be located in the Greenland International Industrial Center, in Bekasi Regency, Indonesia. It will start producing cosmetic ingredients for personal-care products in the second half of 2013. The total investment in the project will be about $6...

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