Published On: Thu, Dec 28th, 2017

Lotte Chilsung Beverage Signed Joint Venture with Pakistani Company

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Lotte Chilsung Beverage

Lotte Chilsung Beverage Company based in South Korea has entered into a joint venture with Akhtar Group of companies, Pakistan. South Korean company will sell beverages with the aide of Pakistani local beverage seller.

Akhtar group bottles beverages with the name of Riaz Bottlers and it will receive $49.5 million in a bid from Lotte Chilsung Beverage to hold stakes of 52% in joint venture.

Riaz bottlers have their office in Lahore and are operating since 1976. Lahore is famous arena for huge market giants with headquarters managing activities country wide. Riaz bottlers were trading with PepsiCo. Supplying drinks to market.

Lotte Chilsung Beverage Company is already operating in Myanmar, Philippines and China. Pakistan will count as their fourth destination among Asian countries.

The joint venture will also subsequently be a deal with PepsiCo from South Korean company. They will supply brands of Pepsi with the support of sale chain from Riaz bottlers.

Founded in 1950, with office in Seoul, South korea. Lotte Chilsung Beverage has a prosperous history of making and selling beverages. They offer long range of products that include, Tea, Coffee, carbonated drinks, juices etc. the products are also exported due to their international demand and goodwill.

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