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Business Strategy Joint Ventures

  • This biometric start-up is headed for Indonesia

    Yasuhiro Kuda, CEO of Liquid Inc, talks about why the company decided to launch a joint venture with the Salim Group to enter the Indonesian market.

  • NEW DELHI, Feb 17- A proposed joint venture between state-owned Steel Authority of India Ltd and ArcelorMittal SA to build an $897 million automotive steel plant in India has hit an impasse, with the two disagreeing on key terms, officials said. India's biggest state-owned steel company and the world's No. 1 producer of the metal signed a deal in May 2015 to set up a...

  • Feb 15- Kraft Heinz Co, the maker of Velveeta cheese, Heinz ketchup and Oscar Mayer meats, reported a higher-than-expected adjusted profit, helped by lower costs. Last month, the company said it would form a joint venture with media mogul Oprah Winfrey to develop a new line of food products in the United States. Sales fell 3.8 percent to $6.86 billion, hit by a stronger...

  • TOKYO, Feb 7- Honda Motor Co Ltd and Hitachi Ltd's auto parts subsidiary plan to form a joint venture to develop, produce and sell motors for electric vehicles, joining forces to better compete in the highly specialized "green" car segment. The venture will be established in July with an investment of 5 billion yen, and will be 51 percent owned by Hitachi Automotive...

  • PARIS, Jan 31- French private bank Oddo& Cie and mergers and acquisitions boutique Messier, Maris et Associes announced a joint venture on Tuesday, aimed at taking advantage of an anticipated pick-up in activity on equity capital markets. The joint venture would target France's biggest companies, such as members of SBF-120 equity index and initial public...

  • BEIJING/ SYDNEY, Jan 27- American Airlines Group Inc and Australia's Qantas Airways Ltd may reapply to the U.S. Transportation Department for permission to coordinate prices and flight schedules now the Trump administration is in charge, Qantas Chief Executive Alan Joyce said. The pair's application for a joint venture covering the United States, Australia...

  • Jan 27- Restaurant Brands International Inc said it would launch its coffee and doughnut chain, Tim Hortons, in Mexico as a part of its expansion plans. The joint venture company will be the master franchisee of Tim Hortons in Mexico, the company said. The move into Latin America comes after Tim Hortons, which has outlets in Canada, the United States and the Middle...

  • BEIJING/ SYDNEY, Jan 27- American Airlines Group Inc and Australia's Qantas Airways Ltd may reapply to the U.S. Transportation Department for permission to coordinate prices and flight schedules now the Trump administration is in charge, Qantas Chief Executive Alan Joyce said. The pair's application for a joint venture covering the United States, Australia...

  • MOSCOW, Jan 26- A joint venture between Russia's top gold producer Polyus and state conglomerate Rostec has bought the rights to develop Sukhoi Log, one of the world's largest untapped gold deposits, for 9.4 billion roubles. Russia competes with Australia for second place among the world's largest gold producers and has one of the world's largest gold reserves.

  • Oprah Winfrey

    Kraft Heinz and Oprah Winfrey said they would form a joint venture to develop a new line of food products in the United States.

  • Jan 25- Heinz ketchup maker Kraft Heinz Co and media mogul Oprah Winfrey said on Wednesday they would form a joint venture to develop a new line of food products in the United States. The joint venture, Mealtime Stories LLC, will initially make ready-to-eat refrigerated products across multiple categories and 10 percent of its profits will be donated to...

  • KUWAIT, Jan 25- Saudi Aramco has shelved plans for a partnership with Malaysian state-oil firm Petroliam Nasional Berhad in a $27 billion refining and petrochemical project in the southeast Asian country, industry sources familiar with the matter told Reuters on Wednesday. Aramco had been in talks with Petronas about a joint venture in the Refinery and...

  • *China regulator approves changes in JV's articles of assn. HONG KONG, Jan 16- Morgan Stanley has received China securities regulator's approval to boost its stake in its Chinese securities venture to 49 percent, said a person with direct knowledge of the matter, making it the first foreign bank to get such a nod. The confirmation came after the Shanghai office of...

  • YANGON, Jan 12- Myanmar on Thursday awarded its fourth- and final- telecoms license to a joint venture between Vietnam's telecom company Viettel and two local firms, heating up competition in a rapidly growing market by adding a second majority- Myanmar operator. The venture is an unusual case of cooperation between businesses controlled by Myanmar and Vietnam...

  • *Philip Morris, BAT also have agreements in China. The joint venture, Global Horizon Ventures Limited, will be based in Hong Kong and link Imperial with CNTC subsidiary Yunnan Tobacco, which controls over one-fifth of the Chinese market. Imperial said the joint venture will expand Imperial's West and Davidoff brands in China, and Yunnan's Jade and Horizon brands...

  • The joint venture, Global Horizon Ventures Limited, will be based in Hong Kong and link Imperial with CNTC subsidiary Yunnan Tobacco, which controls over one-fifth of the Chinese market. The two companies said the joint venture will grow Imperial's West and Davidoff brands in China, and Yunnan's Jade and Horizon brands internationally. China is by far the...

  • SAO PAULO, Jan 11- Real estate tycoon Sam Zell and investment firm Pátria Investimentos Ltda have combined two leading Brazilian self-storage firms in a joint venture that aims to more than double their capacity by 2020, the companies said on Wednesday. Under their plan, the entity resulting from the merger of Zell's GuardeAqui and Pátria's Kipit will open...

  • Jan 10- Kite Pharma Inc said on Tuesday it had formed a joint venture with Shanghai Fosun Pharmaceutical Co Ltd to develop and commercialize its cancer treatment in China. Kite Pharma said it would receive an upfront payment of $40 million from the JV, funded by Fosun Pharma as well as regulatory and commercial milestones totaling $35 million.

  • Licenses are no longer the strategy in China: Expert

    Chantal Grinderslev at Z-Ben Advisors weighs in on how joint ventures are no longer the only medium to access China.

  • SAO PAULO, Jan 3- Brazil's state-controlled oil company Petroleo Brasileiro SA and Repsol Sinopec, a joint Spanish-Chinese venture in the country, are handing back exploration rights at the Piracucá field in the Santos basin due to lack of commercial viability, the companies said. Brazil's oil regulator, ANP, said the companies had given up the concession to...