|  | 05/25/2010 |
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Mitsui & Co. to Expand Metal, Resource Assets for Next Growth
Mitsui & Co. increases the investment in metal resources to build competitive assets by utilizing the stronger financial position while the firm expands the scrap recycling business. The firm invested in resources mainly for existing projects while the firm was cautious for new acquisition under uncertain market situation. The firm plans 240 billion yen of investment in resource and energy in fiscal 2010 started April The vice president Ken Abe said the firm seeks competitive new resource assets aggressively even with more than 240 billion yen of investment while the firm checks the risk in the investment including resource countries' policy. The firm targets iron ore, copper, nickel and rare metals including manganese and chrome.
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 | Mitsui & Co. to Expand Metal, Resource Assets for Next Growth
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