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December 12, 2008

MOL Establishes Auto Logistics Company in India

TOKYO - Mitsui O.S.K. Lines, Ltd. (MOL, President: Akimitsu Ashida) today announced the formation of MOL Auto Logistics (India) Pvt. Ltd. to transport completed cars.

The move is a response to rising production capacity of completed cars for India's domestic market and export trades. Since export volume of completed cars from India is expected to increase, MOL established this company in Chennai to provide inland transport and export-related port services.

Utilizing the know-how inland transport of completed cars accumulated in Thailand, China, and Indonesia, the new company will provide a range of safe and reliable transport services.

Outline of new company

Company name : MOL Auto Logistics (India) Pvt. Ltd.
Established in : November 2008
Address : No.89, West Mada Church Street, Royapuram, Chennai, 600013
Representative : Satoshi Katada
(resident officer of Mitsui O.S.K. Bulk Shipping (Asia Oceania) Pte. Ltd.)
Paid-in-capital : INR 20,000,000 (about JPY 40 million)
Shareholder : Wholly owned by MOL
Business : Inland transport service by car trailer in India,
port services for completed export cars

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