Sojitz : Enters Foodservice Business in Myanmar alongside City Mart Group
January 30, 2017 at 09:34 pm
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Sojitz Corporation ('Sojitz') has announced the start of a eating-out business in Myanmar together with the country's biggest retailer, City Mart Group ('CMG'). They plan to develop food court brand in Yangon called 'Tokyo Dining City.' The court will be managed by Sojitz City Food Co., Ltd. (Head Office: Yangon; 'SCF'), a project management company founded jointly by Sojitz and CMG's food import and wholesaling company Artic Sun Co., Ltd. ('AS').
【Concept Image】
The first food court is scheduled to open in March. It will be attached to one of CMG's high-end 'Market Place' supermarkets within Sule Square, an office building complex which just opened in downtown Yangon. The court will mostly target office workers employed in the Sule Square building or in the vicinity, providing a full menu of primarily Japanese foods.
The venture will collaborate with CMG's supermarket and hypermarket businesses to open more restaurants in a way appropriate to the location in question. They have set their sales target at more than 500 million yen in sales by 2020.
Sojitz has previously been involved with a joint cold chain logistics business with CMG in
Myanmar, providing business support to CMG's food import and wholesaling business. Now through their involvement in this eating-out business, Sojitz will also enter into Myanmar's retail sector. Sojitz will continue constructing a food-based value chain in Myanmar centered on customer safety, responding to the growing demands of Myanmar consumers, and helping to create a rich food culture in the country.
Sojitz City Food Co., Ltd. - Company Overview
Established
July 2016
Head Office
No. 1-3, Aung San Stadium (North Wing), Gyo Phyu Road, Mingalar Taung Nyunt Township, Yangon, Myanmar
Representative Director
Kenji Nishimoto
Ownership
Sojitz: 85%、Arctic Sun: 15%
Main Business
Food court management
Arctic Sun Co., Ltd. - Company Overview
Established
September 2013
Head Office
No. (106) C, Mya Ayar Street, Industrial Zone (1), Tharketa Township, Yangon, Myanmar
Representative Director
Mr. Soe Moe Thu
Ownership
Premium Distribution (a City Mart subsidiary): 100%
Sojitz Corporation published this content on 31 January 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 31 January 2017 02:34:07 UTC.
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Sojitz Corporation is a diversified group organized around 10 business segments:
- distribution of chemicals products (25.4% of sales): organic, basic and specialty chemicals, plastic products, resins, etc;
- mining operations (22.2%): coal mining, alumina refining, sale of steel products and ferrous and non-ferrous metals, etc;
- distribution of large consumer products (17.6%): clothing and accessories, textile products, home and decorative articles, etc;
- automobile assembly and sales (11.6%);
- production and sale of food products and ingredients (7.8%);
- sale of industrial machinery and equipment and development of health facilities (6.9%);
- development and operation of energy and telecommunications infrastructure (3.6%);
- industrial infrastructure operation, property management and urban development (2%);
- aircraft and ship sales (1.7%). The group also develops activities in the operation of airport and rail infrastructure;
- other (1.2%): provision of financial services, logistics services, consulting, etc.