Japan`s House Foods bolsters tofu in US, curry in China
Japan’s House Foods Corp. (TSE:2810) is taking steps to expand its overseas business operations. The plans include bolstering its tofu business in the U.S. and franchising curry shops in China.
House Foods’ business in the U.S. generated sales of 4.7 billion yen (US$51.26 million) in the year ended March 2009. Some 70 per cent of that came from tofu sales, and the rest from the operation of curry restaurants and exports of curry mixes.
The company already has a large share of the U.S. market for tofu, but up until now has focused most of its energies on the West Coast.
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