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April 25, 2012

MOL Establishes Its Subsidiary MOL (Peru) S.A.C.

TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced that the company established a subsidiary, MOL (Peru) S.A.C., in Peru. The country was chosen because it shows more stable growth than other South American nations. With the new subsidiary, MOL will consolidate its business structure and further expand north-south containership routes to further improve customer services.

Outline of New Company

Name MOL (PERU) S.A.C.
Location Lima (capital of Peru)
Business start May 2, 2012
Paid-in capital US$470,000
Shareholders Wholly owned by MOL
Business MOL liner shipping agency in Peru
Representative Jean Pierre Thorin Brauer (General Manager)
No. of employees 19

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