Olam International Limited (“Olam”) and Sanyo Foods Co. Ltd of Japan (“Sanyo Foods”) today announced that they have agreed to set up a joint venture company (“JV”) in Nigeria to manufacture and distribute instant noodles in Nigeria and across sub-Saharan Africa.
Sanyo Foods will invest US$20 million in cash, for a 25.5% equity interest through an issue of new shares by the JV that will house Olam’s instant noodles assets and business in Nigeria. Olam will hold the balance majority ownership of 74.5% in the JV with management control. The consideration has arrived between both parties on a willing-buyer willing-seller basis. The transaction is subject to customary closing conditions.
Founded in 1953, Sanyo Foods is a global leader and Japan’s third-largest player in the instant noodles business. It has established a leadership presence in China, Vietnam, Russia and North America through strategic partnerships. In the past, Sanyo Foods has also acquired equity stakes in Tingyi Holdings in 1999 and King Lion of Russia in 2011 to catalyse the growth of these companies in their respective home markets. Tingyi Holdings is currently the market leader in China with 24 production facilities across the country.
As a result of expansion, we are desirous of recruiting a suitable candidate to fill the position below:
Job Title: Quality Control Officer
Employment Type: Full-time
- Candidates must possess either HND or B.Sc in Chemistry, Food Science Technology, Microbiology, Pure & Applied Chemistry and other relevant discipline with 2 to 3 years working experience in production or manufacturing company.
- Preferences would be given to candidates that resides within the aforementioned axis.
- Candidates that resides within Apapa, Ijora, Costain, Ebute meta and Ajegunle and any other locations closer to Apapa.
N60,000 – N70,000 Monthly.
Note: Candidates must possess the required qualification with experience in the Manufacturing / Production company.