11 November 2020 - During a recent results briefing for the first half of the FY2020 ending March 31, 2021, Ajinomoto provided an update regarding its asset reduction initiatives for its animal nutrition operations. The company is seeking to implement its asset reduction strategy by FY2022.
Takaaki Nishii, President and CEO of Ajinomoto Co., Inc. said that after some delays due to COVID-19, the company has resumed negotiations with some partners regarding asset reductions of its European animal nutrition business.
Also on October 1, Ajinomoto Animal Nutrition North Americas (AANA) was integrated into Ajinomoto Health & Nutrition North America (AHN).
Referring to North America, Takaaki Nishii said that good progress was being made in the consolidation of overlapping functions and in generating ways to improve profitability.
“And going forward, the company is planning to rebuild the animal nutrition business at the reborn AHN, including a reorganization of production areas. Details will be announced at the beginning of the next fiscal year,” said Takaaki Nishii.