BANGKOK -- Japanese chemical maker Showa Denko will produce aluminum cans together with Thai energy drink brewer Carabao Group, fulfilling the former's wish for a promising Asian business and the latter's for lightweight cans to export its drinks in cheaply.
Showa's aluminum can unit will own 26% of a joint venture, and Carabao 74%, with the partners investing a total of roughly 2.2 billion baht ($63.9 million). They will build a plant that can churn out 1 billion cans per year in Chachoengsao Province, near Bangkok, aiming to start operations in 2018.
