Ajinomoto may spend up to $ 1.7 bi

The Ajinomoto has between 150 and 200 billion yen (US $ 1.3 billion to $ 1.7 billion) that can spend on acquisitions and alliances until fiscal year 2016, said the company's Chairman, Takaaki as Nishii company seeks to become one of the 10 largest global food companies.
The Ajinomoto bought last year the manufacturer of frozen foods Windsor Quality Holding and is also focusing in expanding sales in fast-growing markets such as Southeast Asia and in Brazil