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Mitsui & Co. Moscow LLC

About Us

History

Mitsui's activity in Russia & CIS The evolution of the general trading company Mitsui & Co., Ltd.
 
  • 1947- The birth of Daiichi Bussan and its expansion into global markets

In 1947, the company was established under its original name of Daiichi Bussan with a capitalization of 195,000 yen and 37 employees. In 1949 it was listed on the Tokyo Stock Exchange, and ten years later, the company integrated with other trading companies and changed its name to Mitsui & Co., Ltd.

  • 1967 Representative office was opened in Moscow
  • '60s: Stable supply of resources which supported the growing economy

In the era of high-speed economic growth through trade and capital liberalization, Mitsui & Co. aimed to secure a stable supply of foodstuffs, raw materials for industrial use, and energy resources such as oil and coal for the domestic economy by positively engaging in overseas mining development and import business.

Establishment of petrochemical complexes in all major port areas.
  • 1979 Started to dispatch Russian language trainees to the Leningrad State University
  • '70s: Positive responses to the rapidly changing international environment

Struck by oil shocks, Japan's economy recorded negative growth for the first time in the postwar era, as did many other national economies. Under these difficult conditions, the natural gas projects which Mitsui & Co. had promoted prior to the oil shocks increased in importance as alternative energy sources and for the decentralization of supply routes.

Western Australia Shark Bay salt field shipping facility (1975)
  • 1986 Joined to Sakhalin 2 project
  • 1989 Opened the representative office in Khabarovsk
  • '80s: Development of new markets, including hi-tech fields

As securing resources and research and development of new technologies became prominent, Mitsui & Co. emphasized three fields during the 1980s as having top priority; energy field, machinery field, and the new industrial field. With strong prospects for high growth, the company focused especially on the new industrial field by investing human resources and capital and strengthening the development capability.

Communications Division OCR
  • 1991 "T.M. Baikal Co., Ltd." (Russian-Japanese joint management company) was established as the first investment in Russia/CIS
  • 1992 Opened representative offices in Vladivostok
  • 1993 Opened representative offices in Tashkent, Kiev and Almaty
  • 1997 Opened representative office in Baku
  • '90s: Taking up challenges in the information and communications fields

In the '90s, improvements took place in information infrastructure and the economy globalized drastically. Mitsui & Co. began participating in next-generation communication networks with computers and communications at their core, such as the communications satellite business and communications service business.

Launch of JCSAT-3 satellite (August 29, 1995)
  • 2002 Opened the representative office in Yuzhno-Sakhalinsk
  • 2004 Incorporated "Mitsui & Co. Moscow LLC"
  • 2004 Opened representative office in Astana
  • 2007 Opened Saint Petersburg branch of Mitsui & Co. Moscow LLC
  • 2009 LNG plant launch in Sakhalin Island and LNG delivery from Sakhalin-2 project
  • Since 2000: Challenges and creativity in new fields; advancing integrated strengths

In the 21st century, "real integrative strength" is being demanded of corporations. Taking advantage of its ability to provide solutions nurtured through the company's considerable experience with IT, FT and LT, Mitsui & Co. has been able to display its own "integrative strengths" and seek out business opportunities in new areas.

In the global economy, where the line between domestic and foreign has diminished, we will further improve our integrative strengths and pledge to give full play to our capabilities and continue our evolution.