Del Monte and Vinamilk form joint venture

Del Monte Philippines, (DMPI), subsidiary of Del Monte Pacific, announced on Aug 16, it has forged a strategic alliance with Vietnam Dairy Products JSC (Vinamilk). DMPI and Vinamilk entered into a joint venture to expand into the dairy sector in the Philippines with both companies contributing 50% of the total investment capital. The joint venture will import dairy products from Vinamilk, and market and distribute them in the Philippines through DMPI. The joint venture with DMPI will leverage on Vinamilk’s long track record in the dairy industry spanning 45 years, Del Monte says.