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Asahi, Orion enters into cooperative partnership

Date Posted: 2001-12-27

Local brewer Orion Beer announced on Dec. 18 that Asahi Beer, one of Japanís largest breweries, would purchase approximately 10 percent of Orionís stock. Under the terms of the new arrangement, Orion will produce Asahi beer and sparkling alcohol at its Nago brewery for distribution through Orionís channels on Okinawa, Amami Island and Taiwan. In return Orion will make use of Asahiís distribution network to sell its beer in mainland Japan and will utilize Asahi technology on its Okinawa production lines. The final agreement, structured to allow Orion to maintain its independence as a local Okinawan company, will be concluded at the stockholdersí general meeting next year.

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