CJ’s road to dominance in Vietnamese food sectorWith its recent acquisition of Cau Tre Export Goods Processing Joint Stock Company, South Korean conglomerate CJ is one step closer to playing a crucial role in the Vietnamese processed food sector. CJ’s journey to become the controlling majority shareholder at Cau Tre has been swift. Completing the supply chainWith CJ’s involvement, Cau Tre is ramping up its food processing capacity and upgrading its technology. On the same day, CJ Freshway, CJ’s food and food service distributor, also inked an agreement to become Satra’s exclusive distributor of South Korean fruit. One crucial setbackCJ’s expansionary ambition was only checked by a highly-publicised failure in the race to acquire VISSAN Joint Stock Company (Vissan) earlier last year.

Source: VietNamNet News May 25, 2017 04:07 UTC