Mitsui Sugar : Notice of establishment of joint venture in China
December 09, 2019 at 11:56 pm EST
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PRESS RELEASE
December 4,2019 Mitsui Sugar Co.,Ltd
Notice of establishment of joint venture in China
Mitsui Sugar Co.,Ltd. ("Mitsui Sugar", Head Office: Tokyo, President and CEO: Daisuke Saiga) have established a new joint venture for the purpose of manufacturing and selling small-packed sugar and various types of processed sugars following the investment in COFCO Sugar Liaoning Co.,Ltd ("COFCO Sugar Liaoning") last year.
1．Purpose of establishment of joint venture
At the end of last year, we invested in COFCO Sugar Liaoning, which has one of the largest refined sugar factories in China, and we are striving to strengthen our supply system in order to meet high-quality sugar demands from the food industry.
In China's home use retail sugar market, there is a lot of room for improvement and development in terms of product lineup, quality and cost, and we have examined business opportunities that can make use of our experience and technology.
This time, we established a joint venture with YINGKOU NEW NORTHERN SWEET ("YNNS"), in order to produce the products that are expected to expand in the future, in YNNS's sugar refinery site. Sugar small packing processing system integrated with large-scale sugar refinery is still rare in China.
We will build a sugar supply chain that covers both BtoB market for food companies and BtoC market for home use in China.
2．Overview of the joint venture
（１）
N
a
m
e
HANY SUGAR
（２）
L
o
c
a
t
i
o
n
Datie Industrial Park,
Xiongyue
Town,
Bayuquan
District,
Yingkou City, Liaoning Province, People's Republic of China
（３）
Representative
title
Chief, Sun Kefei
a
n
d
n
a
m
e
（４）
Businesses description
Sugar processing and packing
（５）
C
a
p
i
t
a
l
100 million RMB
（６）
I n v e s t m e n t
r a t i o
Mitsui Sugar
35.0％
Yingkou New Northern Sweet
65.0％
（７）
Date
of
establishment
December 2,2019
3．Overview of joint venture partners
（１）
N
a
m
e
Yingkou New Northern Sweet
（２）
L
o
c
a
t
i
o
n
Datie Industrial Park,
Xiongyue
Town,
Bayuquan
District,
Yingkou City, Liaoning Province, People's Republic of China
（３）
Representative
title
Chairman, Wan Weiguang
a
n
d
n
a
m
e
1
（４）
Businesses description
Production and sales of refined sugar, processing and sales
of sugar
（５）
C a
p
i t a l
20 million RMB
（６）
Date
of
establishment
February 27,2017
Signing ceremony
Map
Contacts: Koji Suzuki Corporate Planning Division,
Mitsui Sugar Co.,Ltd.
Tel: 03-3639-9327 Fax: 03-3661-7032
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Mitsui Sugar Co. Ltd. published this content on 10 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 December 2019 04:55:01 UTC
Mitsui DM Sugar Holdings Co Ltd, formerly Mitsui Sugar Co Ltd, is a Japan-based company mainly engaged in the manufacture and sale of raw sugar, refined sugar and sugar-related products. The Company operates in three business segments. The Sugar segment is engaged in the manufacture and sale of raw sugar, refined sugar and sugar-related products. The Food Science segment is engaged in the manufacture and sale of natural sweeteners, pigments, flavors, sugarcane extract, agar, bio products, nutritional therapy foods, and foods for swallowing disorders. The Real Estate segment is engaged in the leasing of land, stores and offices, as well as the provision of solar power generation business.
MITSUI DM SUGAR HOLDINGS CO., LTD. 
