BUSINESS – CDSG announces food deal with Mitsubishi

Burma’s Capital Diamond Star Group (CDSG) has announced the formation of a joint venture with Japanese giant Mitsubishi Corporation. The two firms have formed Lluvia Ltd to engage in the food manufacturing and distribution businesses throughout the country and around the region. CDSG is one of Burma’s largest conglomerates and a leading supplier of wheat flour and instant beverages. It says that Lluvia plans to invest more than US$200 million over the next three years in the Burmese food business.