| October 15, 2007 |
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MOL Opens Representative Offices in India
for Bulk Carrier Business |
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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) |
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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"iFY2007|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. |
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