Mitsui & Co., Ltd. ("Mitsui") announced today that it has decided to consolidate its 3 existing wholly-owned sales subsidiaries for plastics and chemical products; Mitsui Bussan Plastics Co., Ltd., Mitsui Bussan Plastics Kansai Co. Ltd., and Nippon Trading Co., Ltd. to form a new subsidiary company. The new entity is temporarily named Mitsui Bussan Polymer & Chemicals Co., Ltd. ("MBPC")
MBPC, which is scheduled to be formed on April 1, 2008, will serve as a successful plastics and chemical products sales company with competitive cost structure and an improved efficiency.
MBPC will be involved in trading, marketing and distribution of plastics and chemical products mainly on Japanese domestic market and peripheral Asian markets.
Mitsui Bussan Polymer & Chemicals Co. Ltd. (MBPC)
||Chuo-ku, Tokyo (Relocation is planned by October, 2008)
||Mitsui's wholly-owned subsidiary
||¥2 billion (projected for FY2008)
||To be decided in January, 2008
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