Bangladesh, Sept. 30 -- Advanced Chemical Industries (ACI) has approved an additional equity investment of Tk 600 million in ACI CO-RO Bangladesh, its existing joint venture with Danish beverage maker CO-RO, to expand its presence in the beverage market.

The ACI board also approved the formation of a new joint venture with Japan-based Ichinen Holdings Co Ltd, marking the company's planned expansion into motorcycle financing, skilled manpower placement and the export of agricultural products to Japan.

The decisions, taken at a board meeting on Monday, were disclosed through separate regulatory filings on Tuesday.

ACI CO-RO was established in 2019 as a greenfield joint venture to manufacture fruit-based beverages in Bangladesh under CO-...