MC and Maruha Nichiro Agree to Establish New Joint Venture in Salmon (land-based)
Retrieved on:
Thursday, June 30, 2022
TOKYO, June 30, 2022 - (JCN Newswire) - Mitsubishi Corporation (MC) and Maruha Nichiro Corporation (Maruha Nichiro) are pleased to announce our agreement to establish a new joint venture company, ATLAND Corporation (ATLAND), that will specialize in the land-based production of salmon.
Key Points:
- TOKYO, June 30, 2022 - (JCN Newswire) - Mitsubishi Corporation (MC) and Maruha Nichiro Corporation (Maruha Nichiro) are pleased to announce our agreement to establish a new joint venture company, ATLAND Corporation (ATLAND), that will specialize in the land-based production of salmon.
- ATLAND will be established in Nyuzen town of Toyama prefecture in around October 2022.1
The investment ratio of ATLAND will be MC 51% and Maruha Nichiro 49%. - MC and Maruha Nichiro have been discussing the joint promotion of this project since March 2021.
- The aim of our joint project is to create a local-production-for-local-consumption business model in Japan's salmon industry.