Mitsui & Co. to Integrate Nonferrous Metals Sales Forces

Mitsui & Co. announced on Monday the firm integrates the wholly owned subsidiaries, Mitsui Bussan Metals Sales and Mitsui & Co. Metals on February 1. Mitsui Bussan Metals Sales continues to exist and the merger ratio is not decided. Mitsui & Co. tries to improve the efficiency through the integration. The new firm will strengthen the sales ability as a trader specialized for nonferrous metals including aluminium, copper and titanium from upstream to downstream. Mitsui & Co. Metals with around 30 of employees started the operation in November 2004 as the wholly owned subsidiary of Mitsui & Co. after separation of copper and aluminium ingot sales business from the parent firm. Mitsui Bussan Metals Sales with around 130 of employees and 600 million yen of capital started the operation in April 1995. The firm with 134.3 billion yen of sales in the year to March 2006 deals nonferrous metals including aluminium, titanium, rolled copper products and magnesium. Mitsui & Co. will close US subsidiary of Mitsui & Co. Metals associated with the integration after the firm closed UK force of the subsidiary. Mitsui & Co. focuses on marketing of the equity metals for nonferrous metals ingot. The firm expands the investment for nonferrous resources as operation for iron and steel raw materials and nonferrous metals unit while the firm strengthens the nonferrous sales from ingot to fabricated products through Mitsui Bussan Metals Sales.