# Sumitomo Heavy Industries and Krones AG establish beverage machinery joint venture in Singapore

Sumitomo Heavy Industries, its subsidiary Izumi Food Machinery, and Krones AG established a joint venture company, Krones-Izumi Processing Pte. Ltd., in Singapore to develop the beverage machinery business in the Asia Pacific region (excluding Japan, China, and India).

- Type: Partnership
- Announced: 2017-04-27
- Where: Singapore, Singapore
- Value: $1.48M (2.00M SGD)
- Status: completed
- Products: beverage machinery
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [Krones-Izumi Processing Pte. Ltd.](https://endata.com/companies/23843.md)
- [Sumitomo Heavy Industries](https://endata.com/companies/1271.md) (partner)
- [Krones](https://endata.com/companies/1481.md) (partner)
- [Izumi Food Machinery Co., Ltd.](https://endata.com/companies/23842.md) (partner)

## Sources

- [shi.co.jp](https://www.shi.co.jp/english/info/2017/6kgpsq0000001v8a.html), 2017-04-27: "Through the establishment of this joint venture company, SHI Group aims to capitalize on the know-how and supply chain of Krones and accelerate the development of its beverage machinery business in the Asia region."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.