Mitsui & Co--to Launch Asian Headquarters in April

摘要

Mitsui & Co.'s iron and steel products unit will integrate the businesses in Asia including India and China into the headquarters in Singapore in April. The unit tries to control and expand the own business in Asia under tie-up with the iron and steel products unit in Tokyo when the firm launches new Asian headquarters with 13 products units. The Asian unit tries to improve the functions including trading of Japanese steel products to Asia and increase the after tax profit to 3 times from now by investing 40 billion yen with the Tokyo's unit in 4 years. The Asian unit seeks growth as Asian company in the growing Asian steel market.