Marubeni
| Marubeni | |
| |
| Founded | 1858 |
|---|---|
| Headquarters | Tokyo |
| Key People | Chubei Itoh, Founder |
| Employees | 4000+ |
| Website | marubeni.com |
Marubeni is one of the largest Japanese general trading businesses involved in a broad range of sectors. They have 118 offices in 71 countries including 55 overseas branches and 32 overseas corporate subsidiaries. They have an import/export business related to food, textiles, materials, pulp and paper, chemicals, energy, metals, mineral resources and transportation machinery. They are also involved in offshore trading as well as global business investment, development and management strategies. [1]
History[edit]
Marubeni was founded in May 1858 by Chubei Itoh when he began a linen trading business. After establishing various smaller entities, Itoh incorporated Marubeni on Dec. 1, 1949.
At the end of 2010, Marubeni announced plans to expand their commodity shipping business. At the time, Marubeni was the sixth largest grain trader by volume. [2] Marubeni plans to sell six million tonnes of crop to Japan and 20 million tonnes of wheat, maize and soya beans overall in 2010. They expect to ship 25 million tonnes to global customers by 2013 taking on rivals such as ADM, Cargill, Louis Dreyfus and Glencore.
Investor sentiment is hopeful for Marubeni's success. According to Bloomberg, after the announcement, Marubeni's stock gained 3.6 percent up to 554 yen. Goldman Sachs also boosted it's rating on Marubeni to "buy" from "neutral" and Daiwa Securities Group improved the trading houses rating to "outperform" from "neutral." [3]
Products and Services[edit]
Marubeni is broken up into divisions including;
- Chemicals
- Energy
- Finance, IT and Logistics
- Food
- Forest Products
- Metals and Mineral Resources
- Plant and Industrial Machinery
- Power and Infrastructure
- Real Estate
- Strategies and Initiatives
- Transportation Machinery
Key People[edit]
- Chubei Itoh, Founder
- Nobuo Katsumata, Chairman
- Teruo Asada, President and CEO
- Masaru Funai, Senior Vice President
References[edit]
- ↑ Marubeni Company Data. website.
- ↑ Japan grain trader joins battle for Asian markets. Google Finance.
- ↑ Japan Stocks: Marubeni, Taiheiyo Cement, Taiyo Yuden, Toshiba. Bloomberg.