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Multiexport and Mitsui will assess the development of a project focused on the production and commercialization of trout and salmon in Asian markets

Multiexport and Mitsui USA Sign Memorandum of Understanding

  (CHILE, 10/17/2012)

Multiexport Foods S.A., through its subsidiary Salmones Multiexport S.A., signed a memorandum of understanding (MOU) with Mitsui & Co. (U.S.A), Inc., a subsidiary of the Japanese company Mitsui & Co. (USA), Inc., with the proposal to study and evaluate the feasibility of a project to cooperatively develop the cultivation, processing and commercialization of trout and coho.

Multiexport's product mix includes Atlantic salmon, salmon trout, mussels, and cold- and hot-smoked fish products

The main objective is to address Asian markets, with particular focus in China, with the understanding that the project is not limited to these markets.

Multiexport's General Manager
Andrés Lyon

Both companies were given until December 7, 2012 to complete the studies, negotiations and signing of all documents and contracts deemed necessary to execute this joint project.

“This is the first step towards developing the Asian, and particularly Chinese markets. This joint initiative enables us to project and establish ourselves in these strong and positive markets,” said Andrés Lyon, the general manager of Multiexport Foods.

Lyon added, “We are proud that a company as globally renowned and present such as Mitsui has chosen Multiexport Foods S.A. to be part of its development and cooperative move towards developing the Asian and Chinese markets.”

About Mitsui & Co. (U.S.A), Inc.

Mitsui & Co. headquarters in Tokio

Mitsui & Co. (USA), Inc. was incorporated in 1966 in New York as a wholly owned subsidiary of Mitsui & Co., Ltd., Tokyo Japan which is a leader in trade and international investment; it boasts a global network of 140 offices operating in 66 countries as of October 1, 2012.

In conjunction with its current focus on international trade, the new emphasis of the international company is development and project management, business investment, capital goods leasing and technology transfer.

Considering its broad and comprehensive service capabilities, Mitsui USA aspires to meet the needs of their customers as “Your Global Business Partner®,” and is always committed to sustainable development and corporate social responsibility (“good corporate citizenship”).

About Multiexport Foods S.A.

Multiexport Foods S.A. (Public, SCL:MULTIFOODS) is a Chile-based company that is engaged in the fishing industry. The Company's product mix includes Atlantic salmon, salmon trout, mussels, and cold- and hot-smoked fish products.

The Company owns two processing plants involved in the development of fresh, frozen and smoked salmon and trout.

It is active in the United States, Latin America, Japan, Russia, China, Korea, Southeast Asia and Central Europe.

The Company's subsidiaries include Salmones Multiexport S.A., Mytilus Multiexport S.A., Cultivos Acuicolas Internacionales S.A. and two indirect subsidiaries: Multiexport Foods USA Inc and Soc. Inversiones Isla Victoria Ltda. Its main shareholder is Multiexport S.A.

Source: Multiexport Foods S.A.

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Margaret E.L. Stacey
Editor Companies and Products

editorial@fis.com
www.fis.com


Information of the company:
Address: Av. Cardonal s/n
City: Puerto Montt
State/ZIP: (2501)
Country: Chile
Phone: +56 65 483 700
Fax: +56 65 483 701
E-Mail: contacto@multiexport.cl
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