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MOL Opens Representative Offices in India
for Bulk Carrier Business
October 15, 2007
TOKYO - Mitsui O.S.K. Lines, Ltd. (MOL, President: Akimitsu Ashida) today announced the opening of representative offices in the Indian cities of Mumbai and Chennai to reinforce its rapidly growing car carrier business and take advantage of new opportunities in resource and energy transport.
Outline of representative offices
| Location | : Mumbai, Chennai |
| Established | : Early November, 2007 |
| Form of establishment | : Representative office of MOL's wholly-owned group subsidiary Mitsui O.S.K. Bulk Shipping (Asia Oceania) Pte Ltd. (headquarters: Singapore) |
| Business | : Preparation for launching logistics service for the export of completed cars in India Representative with domestic and international buyers,Information gathering, Information desk for bulk carrier business |
| No. of employees | : 7 in total for both offices (incl. one Japanese) |
Objectives
India is emerging as an export center for automobiles and a key market with growing opportunities in the transport of completed cars and resources. To build MOL's sales capabilities in India, MOL will open representative offices focusing on car carrier and bulk carrier operations. The Mumbai office will serve the west coast, and the Chennai office will cover the east coast.
MOL will maintain cooperative relationships with Mitsui O.S.K. Lines (India) Pvt. Ltd. through both representative offices, and starts preparation for export of completed cars, support for the development of an export infrastructure, sales support in both car carrier and resource transport, and information gathering.
Addresses of representative offices
Mitsui O.S.K. Bulk Shipping (Asia Oceania) - Chennai Representative Office
C/O Mitsui O.S.K. Lines (India) Pvt. Ltd, Chennai Branch
Citi Tower 8th Floor, Door No. 117
Thiagaraya Road, T Nagar
Chennai - 600017, India
Tel 91-44-4392-6000
Fax 91-44-4392-6001
Mitsui O.S.K. Bulk Shipping (Asia Oceania) - Mumbai Representative Office
C/O Mitsui O.S.K. Lines (India) Pvt. Ltd.
741/742 Solitaire Corporate Park
4th Floor (Building 7/8)
167, M. Vasanji Road,
Chakala, Andheri (E)
Mumbai - 400093, India
Tel 91-22-5694-6300
Fax 91-22-5694-1112
The MOL Group midterm management plan"MOL ADVANCE"(FY2007-2009) sets out a strategy of accelerating globalization and enhancing sales capabilities in emerging markets. The establishment of these representative offices is a key element in that strategy.