Launching Instant Noodle Operations in India and Nigeria
First written in FY2016. 2 of 6 entries say "Softened", first in FY2017-Q2. Latest entry: FY2022.
No other company in this theme has enough history to compare yet.
- FY2022RaisedAnnual report
「In India, we will strengthen production and sales through measures including the launch of higher-value-added products to further increase awareness. Strengthening production and sales toward profitability in India.」
The Group has specified higher brand awareness, stronger local penetration, launches of higher-value-added products, and profitability as priorities for the India business. - FY2021RestatedAnnual report
「At Maruchan Ajinomoto India, four years after local production began, we will work to further increase brand awareness.」
The India business continues to focus on raising awareness and strengthening local penetration after the start of local production. - FY2019AdvancedAnnual report
「In India, we began manufacturing and selling instant noodles, while in Brazil we achieved results including establishing a local subsidiary and beginning local contract manufacturing.」
The Group began manufacturing and selling instant noodles in India, which had been included in the original plan. The filing does not report that operations began in Nigeria. - FY2017SoftenedAnnual report
「The Company terminated on 14 October 2016 the joint venture agreement executed on 31 March 2014 between the Company and Ajinomoto Co.,Inc. for establishing an instant noodle business company in Nigeria.」
The annual report also explicitly states that the joint venture agreement, which was the specific means of launching the Nigerian instant noodle business, was terminated. - FY2017-Q2SoftenedAnnual report
「The joint venture agreement between the Company and Ajinomoto Co.,Inc. for establishing an instant noodle business company in Nigeria, executed on 31 March 2014, was terminated on 14 October 2016.」
The joint venture agreement, which was the specific means of executing the plan to launch an instant noodle business in Nigeria, was terminated. - FY2016First statedAnnual report
「Launching the instant noodle business in India and Nigeria: We will begin developing and launching differentiated products through local production systems.」
The plan called for establishing local production systems in India and Nigeria and developing and launching differentiated products.