Japan – Nissin Sugar and Itochu Sugar are to merge [Full subscriber]

As the domestic sugar market shrinks, industry restructuring has begun again. The sugar refiners Nissin Sugar and Itochu Sugar, a subsidiary of Itochu Corporation, announced on September 29th that they had reached a final agreement to merge their businesses in January 2023. Nissin Sugar will be the parent company, and Itochu Sugar will be the subsidiary.… Login to continue