MITSUBISHI


Associated tags: Mitsubishi Corporation, Corporation

Locations: EUROPE, CHŌSHI, TEXAS, MALAYSIA, ASIA, USA, PORT, US, SWEDEN, PHILIPPINES, MC, OREGON, LOS ANGELES, CHITOSE, HOKKAIDO, EUROPEAN UNION, CHINA, KUMAMOTO, NORTH CAROLINA, KOREA, LAOS, THAILAND, JAPAN, TOKYO, NEW YORK, UNITED STATES, NORTH AMERICA

EIG’s MidOcean Energy Announces Strategic Investment from Mitsubishi Corporation

Retrieved on: 
Monday, April 1, 2024

MidOcean Energy (“MidOcean”), a global liquefied natural gas (LNG) company formed and managed by EIG, a leading institutional investor in the global energy and infrastructure sectors, today announced a strategic investment by Mitsubishi Corporation (“Mitsubishi Corp”).

Key Points: 
  • MidOcean Energy (“MidOcean”), a global liquefied natural gas (LNG) company formed and managed by EIG, a leading institutional investor in the global energy and infrastructure sectors, today announced a strategic investment by Mitsubishi Corporation (“Mitsubishi Corp”).
  • Mitsubishi Corp’s investment will accelerate MidOcean’s strategy to create a high quality, diversified, global ‘pure play’ integrated LNG company.
  • Mitsubishi Corp has been an active player in the LNG sector for over 50 years, with investments spanning 12 projects across eight countries.
  • De la Rey Venter, MidOcean Energy’s CEO, said: “We are thrilled to have Mitsubishi Corp join as an anchor investor in MidOcean Energy.

Digital Realty and Mitsubishi Corporation Form Data Center Development Joint Venture

Retrieved on: 
Monday, March 4, 2024

AUSTIN, Texas, March 4, 2024 /PRNewswire/ -- Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, and Mitsubishi Corporation, announced the formation of a new joint venture to support the development of two data centers in the Dallas metro area, which are 100% pre-leased to an S&P 100 investment grade customer on a long-term basis. Mitsubishi has acquired a 65% equity interest in the venture for an initial contribution of approximately $200 million, while Digital Realty maintains a 35% interest and will manage the development and day-to-day operations of the joint venture, for which it will receive customary fees. Each partner will fund its pro rata share of the remaining $100 million estimated development cost for the first phase of the project, which is slated for completion and commencement in late 2024. 

Key Points: 
  • Mitsubishi has acquired a 65% equity interest in the venture for an initial contribution of approximately $200 million, while Digital Realty maintains a 35% interest and will manage the development and day-to-day operations of the joint venture, for which it will receive customary fees.
  • The two data centers commenced construction in the fourth quarter of 2022, with the first phase slated to deliver 16 megawatts (MW) of initial data center capacity.
  • "We are delighted to expand our partnership with Mitsubishi," said Digital Realty Chief Investment Officer Greg Wright.
  • "This development joint venture leverages the success of our established Japanese partnership into the United States, while supporting our customer's data center requirements with a like-minded, long-term investor.

Mitsubishi Corporation Expands its Data Center Presence with Entry into US

Retrieved on: 
Monday, March 4, 2024

TOKYO, Mar 4, 2024 - (JCN Newswire) - Mitsubishi Corporation (MC) is pleased to announce its acquisition of a majority interest in two fully leased data centers developments in Dallas, Texas.

Key Points: 
  • TOKYO, Mar 4, 2024 - (JCN Newswire) - Mitsubishi Corporation (MC) is pleased to announce its acquisition of a majority interest in two fully leased data centers developments in Dallas, Texas.
  • In fact, the US is one of the world's most advanced DC market in terms of green power supply and energy conservation.
  • We look forward to leveraging that network and expertise to help strengthen and grow our DC business throughout the US.
  • Data centers and other digital infrastructure support the growth of new technologies that promise to revolutionize our daily lives and businesses.

Mitsubishi Corporation's Sale of Exportadora de Sal, S.A. de C.V., a Salt Production Company in Mexico

Retrieved on: 
Monday, February 26, 2024

TOKYO, Feb 26, 2024 - (JCN Newswire) - Mitsubishi Corporation announced today that it has agreed on February 24, 2024 to sell its entire 49% stake in Exportadora de Sal, S.A. de C.V. (hereinafter "ESSA"), a salt production company in Mexico, to the Ministry of Economy of Mexico, the existing shareholder of ESSA (*).

Key Points: 
  • TOKYO, Feb 26, 2024 - (JCN Newswire) - Mitsubishi Corporation announced today that it has agreed on February 24, 2024 to sell its entire 49% stake in Exportadora de Sal, S.A. de C.V. (hereinafter "ESSA"), a salt production company in Mexico, to the Ministry of Economy of Mexico, the existing shareholder of ESSA (*).
  • MC has operated ESSA together with the Ministry of Economy of Mexico since 1973, and with this share transfer, ESSA will aim to achieve further growth under the leadership by the public sector of Mexico.
  • MC will continue to purchase salt produced by ESSA and provide a stable supply to our customers.
  • (*) The transferee will be Fideicomiso de Fomento Minero, which is under the Ministry of Economy of Mexico.

MC to Subscribe Shares in TVS Vehicle Mobility Solution in India

Retrieved on: 
Monday, February 19, 2024

TOKYO, Feb 19, 2024 - (JCN Newswire) - Mitsubishi Corporation (MC) is pleased to announce that it has agreed to subscribe shares (approx.

Key Points: 
  • TOKYO, Feb 19, 2024 - (JCN Newswire) - Mitsubishi Corporation (MC) is pleased to announce that it has agreed to subscribe shares (approx.
  • 32%) in TVS Vehicle Mobility Solution Private Limited (TVS VMS) through the private placement.
  • This latest investment in TVS VMS, one of the largest multi-brand dealers in India, widens MC's investment coverage through enhanced downstream service capabilities.
  • Having inherited TVSM's nationwide network built over time, TVS VMS is one of the leading automotive dealers in India.

PoC Launched to Test Smart-charging Service Using EV Connected Technologies

Retrieved on: 
Thursday, February 15, 2024

This PoC will seek to verify the commercial viability of what would be Japan's first smart-charging service leveraging EV connected technologies.

Key Points: 
  • This PoC will seek to verify the commercial viability of what would be Japan's first smart-charging service leveraging EV connected technologies.
  • *Kaluza is a subsidiary of the UK-based innovative energy service provider OVO Group, in which MC acquired a 20% interest in 2019.
  • During the PoC period, customers will subscribe to a charging plan that has been specially developed by MC Retail Energy exclusively for this service.
  • Furthermore, because this service will make it possible to directly control EV charging from Kaluza's platform via Mitsubishi Motors' connected systems, it does not require any communications-capable (i.e.

Mitsubishi Corporation, KDDI CORPORATION, Lawson, Inc. have entered into the Capital Business Partnership Agreement

Retrieved on: 
Tuesday, February 6, 2024

Lawson and KDDI will merge their real touchpoints (Lawson stores: approximately 14,600, au Style/au shop stores: approximately 2,200) to establish large real-store networks in Japan.

Key Points: 
  • Lawson and KDDI will merge their real touchpoints (Lawson stores: approximately 14,600, au Style/au shop stores: approximately 2,200) to establish large real-store networks in Japan.
  • This will enable Lawson to expand its store network and enhance its functionalities, aiming for further improvement in customer convenience.
  • - Developing services for KDDI and Lawson customers to provide good shopping deals, expanding customer visits to Lawson stores.
  • KDDI is expanding into a wide range of business areas including mobile telecommunications as core business, as well as banking, insurance, education, travel, and delivery services.

First Plant to be Operated under Hydroelectric Power Alliance Goes Online

Retrieved on: 
Thursday, February 1, 2024

TOKYO, Feb 1, 2024 - (JCN Newswire) - Hokkaido Electric Power Company (Hokuden) and Mitsubishi Corporation (MC) are pleased to announce today's launch of commercial operations at the Ainumanai Power Plant (Location: Yakumo-cho Futami-gun, Hokkaido).

Key Points: 
  • TOKYO, Feb 1, 2024 - (JCN Newswire) - Hokkaido Electric Power Company (Hokuden) and Mitsubishi Corporation (MC) are pleased to announce today's launch of commercial operations at the Ainumanai Power Plant (Location: Yakumo-cho Futami-gun, Hokkaido).
  • The plant, which shall be run by our joint venture company established in November 2021, Donan Hydroelectric LLC (Donan Hydro)1, is the first to commence operations under our hydroelectric power alliance servicing Hokkaido's Donan region.
  • Donan Hydro will replace the 5 plants owned by Hokuden (Nanae Power Plant, Isoyagawa Daiichi Power Plant, Isoyagawa Daini Power Plant, Ainumanai Power Plant and Ono Power Plant), and commence power-generation after the replacement.
  • The remaining four plants in the region that are targeted by our alliance shall go online in stages once their replacement work has been completed.