#4 building One Belt One Road Industry, Jinshui District, Zhengzhou, China
In May of this year, Mitsui & Co. completed its fourth investment in the marine industry for four years. The largest shrimp company in Vietnam, Minh Phu Seafood (Ming Fu Group), received a $150 million injection from Mitsui & Co. 35.1% equity to Mitsui & Co., Ltd.
Prior to 2013, Mitsui & Co. acquired a 31% stake in the Hau Giang processing plant, a subsidiary of Mingfu Group; in 2015, it invested $100 million in Chilean Multiexport Foods to develop salmon farming; in 2018, it invested in American fangs Dealer Mark Foods, and the Japanese consortium's investment appetite for the global marine industry value chain is far from satisfactory.
Unlike many large enterprise-controlled mergers and acquisitions, Mitsui & Co., Ltd. is more inclined to invest in small shares. A Mitsui product spokesperson told UCN, "As long as it can guarantee profits in aquafeeds, seedlings, aquaculture, primary processing, secondary processing and marketing, Mitsui has an investment interest."
“The main market for seafood is on the table. We can build our own value chain by participating in the stock market. Mitsui has a tendency to acquire small shares of the partner, not a controlling share. If it is necessary to control, it is also a Kind of choice." The above-mentioned executives said.
“Our goal is to expand the global marine industry value chain. We have the intention to invest in any variety, any location, whether it is fishing or farming,” he said.
Mitsui & Co. said it will increase its stake in Vietnam's Mingfu Group and its overseas subsidiaries, and leverage Mitsui's global seafood logistics and sales network to promote the development of Mingfu Group's sales and further consolidate the US and Japanese markets and develop China and Europe. New markets in the Middle East and Russia.
“Previously invested in the Mingfujia Houjiang Plant and now investing in the parent company, Mitsui will strengthen the management of the company, improve production efficiency and the marketing capabilities of the entire group company. In the future, it will be involved in the shrimp industry of Mingfu Group to increase production capacity and mechanization. Level," he said.
“We will use artificial intelligence technology to achieve modern aquaculture management. Specifically, we need to purchase sensors to monitor the water quality of shrimp ponds for 24 hours; add automatic feeders to reduce feed costs; and introduce advanced seedling technology to improve survival rate.” He said .
When asked if Mitsui’s property continued to invest in Chilean salmon farming, the executive’s response was less convincing. “It depends on the situation,” he said. “Overall, in Latin America, we will value any opportunity for global growth.”
In April this year, UCN sources revealed that Mitsui & Co., Ltd. is interested in acquiring a 25% stake in Ecuador's largest shrimp company, Industrial Pesquera Santa Priscila.
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