ΊΪΑΟΊ£½Η91ΘλΏΪ expands its operations to Kazakhstan, broadening its global leadership to 33 countries
ΊΪΑΟΊ£½Η91ΘλΏΪ S.A.B. de C.V. (βΊΪΑΟΊ£½Η91ΘλΏΪβ), through its subsidiary Bimbo QSR, announced a joint venture with Food Town, the exclusive buns supplier and franchisee of McDonaldβs in Kazakhstan.
This joint venture, in which ΊΪΑΟΊ£½Η91ΘλΏΪ holds 51% of share, strengthens the manufacturing footprint of Bimbo QSR and aligns its relationship with the Quick Service Restaurants (βQSRβ) clients in Central Asia.
This operation broadens ΊΪΑΟΊ£½Η91ΘλΏΪβs global presence to 33 countries and strengthens its leadership in the QSR industry, which is expected to have a compounded annual growth rate of 8.9%Μύby 2023 in Asia.
βIt is our priority to meet the needs of our QSR customers worldwide and we will continue to invest in our business to achieve it", said Mark Bendix, president of Bimbo QSR.Μύ"This operation in Kazakhstan is well positioned to meet the growing demand of our customers in the regionβ.
This operation is expected to be completed during the first quarter of 2020.
