Monday, July 15, 2024

Suntory Establishes Indian Subsidiary to Boost Business Growth

Japanese multinational brewing and distilling company Suntory announced on Thursday the establishment of its Indian subsidiary, Suntory India, to accelerate its business in the country. The new company will commence operations in July, led by Managing Director Masashi Matsumura, with its office based in Gurgaon, Haryana.

According to a statement, Suntory India aims to strengthen corporate functions to build a robust business foundation, accelerate growth in its existing spirits business, and explore opportunities in the soft drinks, health, and wellness sectors in the Indian market.

Suntory Holdings President & CEO Tak Niinami emphasized the significance of this new base in India, highlighting the country’s large population and rapidly growing economy. He described India as a remarkably attractive market and a key geopolitical player with strong cultural and economic ties to Africa, the Middle East, and Asia.

“Together with our spirits business Suntory Global Spirits, we will enhance our presence as a multifaceted beverage company in this vital market by supporting our soft drinks and health & wellness businesses through investments and partnerships,” Niinami stated.

Founded as a family-owned business in 1899 in Osaka, Japan, Suntory Group is a global leader in the beverage industry. It is renowned for its Japanese whiskies Yamazaki and Hibiki, American whiskies Jim Beam and Maker’s Mark, canned ready-to-drink -196, The Premium Malt’s beer, Japanese wine Tomi, and the world-famous Chateau Lagrange. In 2023, Suntory Group reported an annual revenue of $20.9 billion, excluding excise taxes.

Hot this week

Move Over Scotch, Indian Malts are Here to Stay

Mumbai: Sales of Scotch and premium imported Japanese, Irish,...

World of Brands set to launch craft beer brand in Karnataka

AlcoBev startup World of Brands (WoB) looks to expand its domestic...

सुपर ड्राई बीयर का होगा वैश्विक विस्तार

जापानी कंपनी असाही ग्रुप होल्डिंग्स ने वर्ष २०३० तक...

साल में हुआ सबसे कम वाइन उत्पादन

पिछले साल दुनियाभर के वाइन उत्पादन में १० फीसदी...

Topics

Move Over Scotch, Indian Malts are Here to Stay

Mumbai: Sales of Scotch and premium imported Japanese, Irish,...

World of Brands set to launch craft beer brand in Karnataka

AlcoBev startup World of Brands (WoB) looks to expand its domestic...

सुपर ड्राई बीयर का होगा वैश्विक विस्तार

जापानी कंपनी असाही ग्रुप होल्डिंग्स ने वर्ष २०३० तक...

साल में हुआ सबसे कम वाइन उत्पादन

पिछले साल दुनियाभर के वाइन उत्पादन में १० फीसदी...

2 Liquor Shops to be opened at Delhi Airport T1 and T3 terminals soon

NEW DELHI: Indira Gandhi International Airport in Delhi is...

Monika Alcobev Introduces Onegin Vodka, a Luxurious Russian Wheat Vodka to the Indian Market

MUMBAI, India, June 12, 2024 /PRNewswire/ -- Monika Alcobev, a leading...

Heineken to Close Brewery in Vietnam Amid Weak Demand

The brewery slated for closure is situated in the...
spot_img

Related Articles

Popular Categories

spot_imgspot_img