Accenture and Ajinomoto team-up to form a new joint venture in Japan

By Akshay Kedari  | Date: 2019-12-09

Accenture and Ajinomoto team-up to form a new joint venture in Japan

Accenture, an Irish-domiciled multinational professional services company, and Ajinomoto Co., Inc, a Japan based food and biotechnology corporation, have reportedly signed a new agreement to establish a joint venture in Japan. The tie-up is to help Ajinomoto expedite its operational transformation.

The new firm, Ajinomoto Digital Business Partners Co., Inc., will now carry out the operations of Ajinomoto’s corporate divisions, including office management, procurement and human resources. The new company will be 33% owned by Accenture and 67% by Ajinomoto.

Ajinomoto Digital Business Partners would leverage the power of analytics, artificial intelligence and robotic process automation along with other solutions for business process transformation, to deliver services that further enhance the efficiency and functionality of Ajinomoto’s corporate functions, to help Ajinomoto drive substantial business value. Accenture will now leverage its proficiency in digital transformation in the field of business process services as well as consumer goods and services industry.

Masaya Tochio, representative director, senior corporate vice president and board member, Ajinomoto, reportedly stated that the tie-up will encourage the next gen of talent to provide competing services and help the company perform a turn towards an operating model that can consistently deliver greater customer values. Tochio further added, that the firm is focused on improving employee productivity and on priority product areas to realize sustainable growth and thus establish itself as a genuine global specialty company.

Atsushi Egawa, managing director of Accenture, Japan, stated that the company needs to include digital technologies in every process with cooperation from external partners, for organizations to drive change by enhancing productivity and creating new values.

Ajinomoto agreed to form JV partnership with Accenture to enhance its corporate capabilities and accelerate its operational transformation to a greater degree than the company could have done on its own. This JV would further enable Ajinomoto to achieve its vision of becoming a global specialty company driven by innovative bioscience and chemical technologies.

Source credit: https://newsroom.accenture.com/news/ajinomoto-and-accenture-to-establish-joint-venture-to-help-drive-ajinomotos-operational-transformation.htm

About Author

Akshay Kedari     aeresearch.net

Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web deve...

Read More >>

More News By Akshay Kedari

Google Fi confirms data breach, leaking millions of customer’s data

Google Fi confirms data breach, leaking millions of customer’s data

By Akshay Kedari

Google Fi, Google's cell network operator, has reportedly revealed a data breach, which is most likely related to the T-recent Mobile's security disaster, which allowed hackers to leak millions of customers' personal information. The p...

European semiconductor giant ASML forecasts a sales surge for 2023

European semiconductor giant ASML forecasts a sales surge for 2023

By Akshay Kedari

Dutch semiconductor company ASML has reportedly forecast a revenue jump for the year 2023 as the global semiconductor industry anticipates a reacceleration of growth during the second half of this year. According to the firm, its net sales  f...

Interfor Corporation acquires 100% equity interest in Chaleur Forest Products

Interfor Corporation acquires 100% equity interest in Chaleur Forest Products

By Akshay Kedari

Following this funding, Interfor's long-term debt will hold a weighted average interest of 5.30% Interfor registered a Net Debt to the Invested Capital ratio of nearly 10% as of October 31, 2022 Interfor Corporation, one of the world...

ESR's ARA and Export-Import Bank of China partner in a deal worth US$1B

ESR's ARA and Export-Import Bank of China partner in a deal worth US$1B

By Akshay Kedari

Leading real estate services and investment company, ESR Group Limited, has recently announced that its exclusively-owned subsidiary, ARA and the Export-Import Bank of China have inked a breakthrough collaboration in a deal worth USD 1 billion infras...

Circularise nabs $11M to bring circular economy to industrial supply chains

Circularise nabs $11M to bring circular economy to industrial supply chains

By Akshay Kedari

Leading software platform, Circularise recently announced that it has raised $11.3 million (€11 million) in funding as part of its Series A round in a bid to advance its mission to bring a circular economy to industrial supply chains. The fun...