Tokyo — Sumitomo Corp. and Mitsui & Co. Ltd. have agreed to launch a detailed examination to integrate the two companies’ Japanese fertilizer business. Under the basic agreement concluded between Sumitomo and Mitsui, the two companies are examining the establishment of a new company through a joint incorporation-type company split, allowing the newly-merged company to take over the fertilizer raw materials export and import business of both companies. At the same time, the two companies are planning to merge Japanese manufacturing and sales subsidiaries Summit Agri-Business Corp. and Mitsui Bussan Agro-Business Co. Ltd., and make it a wholly-owned subsidiary of the newly-merged company. In March 2010, Sumitomo and Mitsui entered into a business alliance in the overseas fertilizer raw materials import business, and the companies have promoted cooperation in areas such as the joint allocation of vessels and joint logistics. After achieving results through this alliance, discussions continued with a view to expanding the scope of the alliance.
Transparency Across the Fertilizer Value-Chain