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- Mitsui & Co., Ltd.
Corporate Communications Division
Mitsui & Co., Ltd. ("Mitsui") (Head Office: Tokyo; CEO: Masami Iijima), through its consolidated subsidiaries Atlatec (*1) and SAT (*2), together with the corporate group of ICA(*3), concluded a wastewater treatment service agreement which involves the construction and operation of the biggest wastewater treatment plant in Mexico on September 29th of 2009.
Mitsui's two consolidated subsidiaries, Atlatec, a water/wastewater treatment engineering and construction company located in Mexico, which was acquired by Mitsui in July 2008, and SAT, an investment firm in Mexico wholly owned by Mitsui USA, have invested in 50% of the total shares of the project company ("Project-Co"), which will operate and maintain the wastewater treatment facilities, together with the corporate group of ICA, the largest construction firm in Mexico, which has invested in the remaining 50% of the shares of the Project-Co. (Please refer to the Contract Scheme.)
Environmental pollution by untreated wastewater is becoming more serious in Guadalajara City, Mexico's second largest metropolitan area (a population of about 3.65 million people). The Project-Co will provide twenty years of wastewater treatment service to the Water Commission of the State of Jalisco ("CEA") by the construction and operation of the biggest wastewater treatment facility in Mexico, with a capacity of 734,400 tons/day.
Mitsui, together with Atlatec and SAT, will meet almost the entire demand for household wastewater treatment in the metropolitan area of Guadalajara City by executing this project and the El Ahogado wastewater treatment BOT project (a capacity of 194,400 tons/day), which is now being executed by Atlatec and SAT pursuant to the agreement with CEA dated December 10th of 2008.
Mitsui has already participated in 9 DBFO projects in Mexico through Atlatec and SAT, such as a wastewater treatment project in Queretaro State and an industrial wastewater treatment project for PEMEX refineries. Mexico is compelled to urgently improve and maintain wastewater treatment plants in many cities, including in Guadalajara. Accordingly, Mitsui will continuously undertake water/wastewater treatment projects which contribute to regional communities and environmental preservation in Mexico and further develop its water business through municipal water/wastewater projects and desalination projects in regions which have water problems, such as in Asia and the Middle East.
|Name of Project||AGUA PRIETA Wastewater Treatment BOT Project|
|Location||Guadalajara City, Jalisco State, Mexico|
|Project Cost||Approx. US$180 million|
|Project Company||Renova Atlatec, S.A. de C.V.
Established by Atlatec, SAT and ICA under the investment ratio of 34%, 16% and 50%
|EPC||Atlatec and ICA|
|O&M||Atlatec and ICA|
|Name of Company||Atlatec, S.A. de C.V.|
|Location||Nuevo Leon, Mexico|
|Business||Design, build, and operation of water/waste water treatment plants, project development and equity investment.|
|Shareholder||Mitsui & Co., Ltd. : 85%
Toyo Engineering Co. : 15%
|Name of Company||Servicios de Agua Trident, S.A. de C.V.|
|Location||Nuevo Leon, Mexico|
|Business||Investment in Mexico by Mitsui USA|
|Shareholder||Shareholder Mitsui & Co. (U.S.A.), Inc. : 100%|
|Name of Company||Empresas ICA, S.A. de C.V.|
|Location||Mexico, D.F., Mexico|
|Business||Largest construction company in Mexico|
This press release includes forward-looking statements about Mitsui. These forward-looking statements are based on the current assumptions and beliefs of Mitsui in light of the information currently available to it, and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements. The risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui's latest annual report on Form 20-F, which has been filed with the U.S. Securities and Exchange Commission.
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