Mitsubishi Corporation Strengthens Grain Procurement for Asian M

Mitsubishi Corporation Strengthens Grain Procurement for Asian Market in
Invests in Olam Grains Australia Pty Ltd; company to become consolidated
subsidiary of Mitsubishi Corporation 
Tokyo, June 24, 2014 - (JCN Newswire) -  Mitsubishi Corporation (MC) announces
plans to acquire 80% of shares in Olam Grains Australia Pty Ltd (OGA), a
wholly-owned subsidiary of Olam International Limited (OLAM). Through this
acquisition, OGA becomes a consolidated subsidiary of MC, thereby enabling the
company to expand its grain procurement business in Australia. OLAM will remain
an investor in OGA with a 20% stake. 
Based in Singapore, OLAM is a leading agri-business operating across the value
chain in 65 countries, including African, Middle Eastern and Asian markets. OGA
is OLAM's grain supply chain company focused on the Australian market, and
handles a total grain volume of over 1 million metric tons a year. OGA also has
a 32.5% share in Newcastle Agri Terminal (NAT), Eastern Australia's grain
handling port. 
The acquisition of OGA also signals MC's first involvement in the
terminal business in Australia. MC has been involved in the grain procurement
business in Australia for decades through subsidiary feed company Riverina, but
the acquisition of interests in an export terminal bolsters its capacity to
forge a stronger and more stable procurement system in Australia's
competitive grain market. 
Australia is one of the world's largest wheat-producing countries and the
largest exporter of wheat to the South East Asian market. The demand for
flour-based products such as noodles, bread and other baked products, and in
turn the demand for wheat, in South East Asia has been rising over the past
several years due to the increase in population and economic growth, as well as
the Westernization of eating habits. These trends are expected to continue, and
given its geographic advantage, the demand for Australian wheat as a commodity
targeting Asian markets holds much potential for stable growth. 
Emerging markets have burgeoning middle classes, resulting in increased demand
for daily living essentials such as food products. MC has therefore been
establishing solid partnerships with Japanese and global enterprises in
countries such as Indonesia to strengthen supply-chains for living essentials
businesses in an effort to meet that demand. This new investment will
contribute to securing a stable supply of food products with a view to
adequately meeting the needs of consumers in those rapidly growing markets. 
About Mitsubishi Corporation 
Mitsubishi Corporation (MC; TSE: 8058) is a global integrated business
enterprise that develops and operates businesses across virtually every
industry including industrial finance, energy, metals, machinery, chemicals,
foods, and environmental business. MC's current activities are expanding
far beyond its traditional trading operations as its diverse business ranges
from natural resources development to investment in retail business,
infrastructure, financial products and manufacturing of industrial goods. With
over 200 bases of operations in approximately 80 countries worldwide and a
network of over 500 group companies, MC employs a multinational workforce of
nearly 60,000 people. For more information, please visit 
Mitsubishi Corporation
Telephone:+81 3 3210 2171
Facsimile:+81 3 5252 7705 
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