By  on April 10, 2014

Shiseido has formed a joint venture in Indonesia with PT Sinar Mas Tunggal.

The joint venture partner is part of the Sinar Mas Group conglomerate. Shiseido owns a 65 percent stake in the venture, which will be headquartered in Jakarta and be named PT Shiseido Cosmetics Indonesia. The venture is expected to commence business activities in July.

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