Mitsubishi Corporation Enters Sea Port Terminal Business in Colo

Mitsubishi Corporation Enters Sea Port Terminal Business in Colombia 
Tokyo, July 28, 2014 - (JCN Newswire) -  Mitsubishi Corporation (MC) is pleased
to announce its entry into the sea port terminal business in Santa Marta,
Colombia. MC joins forces with Daabon Group1, which develops sea port terminal
business activities along Colombia's Caribbean Coast, to establish a port
holding company in Santa Marta. MC will participate in the joint venture with a
25% shareholding. 
Located on the Caribbean Sea, the Port of Santa Marta is a multi-functional
terminal which mainly handles coal, fuel oil and palm oil, as well as container
cargo, grain and general cargo. As the only port that has jetties with enough
draft (18m) for post-Panamax vessels, Santa Marta has the third largest cargo
volume in Colombia. Due to steady economic growth in Colombia and the expansion
of the Panama Canal, import/export volumes at Santa Marta are expected to
increase. Therefore, there are several ongoing plans to expand the capacity of
the port so that Santa Marta will play an even more important role as a
transportation hub. 
Endowed with rich natural resource reserves and a convenient location
straddling the Pacific Ocean and the Caribbean Sea, Colombia is regarded as an
emerging country with remarkable prospects for economic growth, following on
the heels of the BRICS. The Colombian government has therefore made
infrastructure development a priority for sustainable economic growth. Going
forward, MC intends to continue collaborating with Daabon, one of the largest
business groups in Santa Marta, the capital of the Department of Magdalena, for
the expansion of port terminal business activities in Colombia. Developing new
business in this sector is also consistent with the Japanese government's
strategy of promoting the export of infrastructure-related industries and
1. Daabon Group: 
Daabon is a Colombian business group with origins dating back to 1914. Daabon
engages in a wide range of business activities such as the production and
export of organic palm oil, banana, coffee and bio-fuel as well as sea port
terminal operations. Based in the city of Santa Marta, in northern Colombia,
the company has seen rapid expansion in recent years. Daabon markets its
products and services globally through a network of branches in Japan, USA,
Australia and Europe. 
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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