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JOY WING MAU and CAPESPAN joined forces creating Asian joint venture
Starting from April 2017, Metspan and Capespan Japan, together with Joy Wing Mau’s Asian business, will be absorbed into the joint venture Joy Wing Mau Asia. This collaboration will allow companies to have access into the entire Asian market, supported by Joy Wing Mau Asia’s distribution and service infrastructure and experience.
“Joy Wing Mau has enjoyed a long and successful partnership with Capespan. It is an absolute natural fit for our businesses to pursue a wider cooperation within Asia by combining our infrastructures and experience towards greater access to markets for our suppliers and greater access to fruit for our market customers,” said Mau Wah Liu, the Chairman of Joy Wing Mau.
“Both Joy Wing Mau and Capespan have a loyal and reliable supplier base as well as established market presence. Jointly, we can ensure that our suppliers and customers receive unparalleled solutions within the Asian markets.”
Tonie Fuchs, Managing Director of Capespan, concurred:
“We are very excited about this new venture with Joy Wing Mau. They are undisputed pioneers within the Asian region and we know that our joint services solution will present greater efficiencies, service levels and opportunities to our grower and market customers. We believe this is an innovative solution for Capespan and its suppliers in a high growth market with unique challenges and opportunities. “
Liu and Fuchs confirmed that “it will be “business as usual” for both Joy Wing Mau and Capespan’s suppliers and customers. Capespan entities based at source will continue to procure fruit from their suppliers for the Asian region, but the management of that fruit will be directly with Joy Wing Mau Asia, who will manage the customer service and distribution.
India and Bangladesh have been excluded from this joint venture because of Capespan’s existing formal relations in these countries. Capespan will continue to supply its customers in these markets directly.
This cooperation follows the recent merging between China’s well-known vertically integrated fruit company- Joyvio Group (under Legend Holdings) and Wing Mau Group officially announced back in December 2015. After merger, the new company was announced as China’s largest fruit company with the overall sales turnover of RMB 5 bn (674 Millions € / US $ 752 Millions).
Suppliers are welcome to contact Leon van Biljon, CEO of Capespan’s fruit Division for further information.
Contact:
- Leon van Biljon (on behalf odf Capespan)
Tel: +27 21 912 1734
- Noel Shield (on behalf of Joy Wing Mau)
Mobile: +81 801 066 1179
