Del Monte Corporation and Riverking Group Announce Joint Venture to Expand Fresh-Cut Fruit Business in China
Del Monte Corporation's subsidiary, Del Monte Fresh Produce (HK) Ltd., formed a joint venture with Riverking (Shanghai) Agricultural Technology Development Co., Ltd. to expand its fresh-cut fruit business in China. The partnership combines Del Monte's brand and technology with Riverking's local sourcing and distribution network to serve a market where China is expected to account for 45% of Asia's fresh-cut produce by 2034.
Key figures
- China market share projection 2034
- 45%
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