ITOCHU Announces Completion of Construction of Processed Cheese Manufacturing Plant in Indonesia

June 3, 2013

ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Masahiro Okafuji, President & CEO; hereinafter “ITOCHU”) announced today the completion of construction of the processed cheese manufacturing plant for PT MEGMILK SNOW BRAND INDONESIA, which was jointly established in May 2012 with Megmilk Snow Brand Co., Ltd. (headquartered in Shinjuku-ku, Tokyo; Yoshiharu Nakano, President and Representative director, hereinafter “Snow Brand”) and PT RODAMAS (headquartered in Indonesia; President Director: David S., Handojo, hereinafter “RODAMAS”).

Outline of the Joint Venture Plant

The plant is located within the Jababeka Industrial Estate situated forty kilometers east of Jakarta, offering excellent access to a major consumption region. This marks the first time a processed cheese plant has been established in Indonesia as a Japanese company. Snow Brand will dispatch technicians to introduce the sophisticated manufacturing and quality control expertise it has developed with the aim of delivering “tasty cheese” to consumers.

Location Bekasi, West Java Province, Republic of Indonesia
Site/Building Area 10,000 m2 / Approx. 3,200 m2
Production Capacity Approx. 2,000 tons / year
No. of Production Lines 1 line
No. of Employees 45

Outline of the Joint Venture

Location Bekasi, West Java Province, Republic of Indonesia
Capital US$ 5 million
Shareholding Snow Brand: 51%, RODAMAS: 40%, ITOCHU: 9%
Main Business Manufacturing and marketing of processed cheese
Date of Establishment May 2012