Nissin buys control of URC venture in Philippines

Group 1 - Nissin Foods Holdings is acquiring an additional 21% stake in its instant-noodle joint venture in the Philippines, increasing its ownership from 49% to 70% [1] - The move is part of Nissin's strategy to focus on international growth, particularly in Southeast Asia, aiming for approximately 45% of its core operating profit to come from overseas by 2030 [2] - Universal Robina Corp. (URC) will remain the local partner, managing day-to-day operations while Nissin takes on a more significant role in product innovation and brand development [3] Group 2 - Nissin is also planning to establish a subsidiary in Türkiye for noodle production, acquiring a factory and production equipment, indicating a strategic re-entry into the Turkish market [4]