date:Jun 16, 2012
The companies will also strengthen their cooperation in the field of research and development (RD) and develop new products.
Morinaga president Masayuki Yada said that by outsourcing the chocolate production to Barry Callebaut, the company can concentrate its resources on RD and marketing of consumer-chocolate.
Under the agreement, Barry Callebaut plans to invest CHF18.5m (19.4m) over the next one year; will close its plant in Amagasaki, near Osaka, by mid-2013; and build a new chocolate and com