Mitsui: To Dissolve US Grain Export Joint Venture United Harvest
December 17 2010 - 2:39AM
Dow Jones News
Japanese trading house Mitsui & Co. (8031.TO) said Friday it
will dissolve its U.S. grain storage and export joint venture
United Harvest LLC at the end of March 2011.
The 50-50 owned joint venture was launched by Mitsui's wholly
owned unit United Grain Corp. and U.S. CHS Inc. in 1998. United
Grain and CHS will take over United Harvest's activities, Mitsui
said.
Mitsui, which considers grain a key business segment amid
ancipated higher demand from rapidly growing emerging economies,
said its United Grain unit has decided to invest an additional $72
million in an export terminal in Vancouver.
-By Hiroyuki Kachi, Dow Jones Newswires; 813-6269-2789;
Hiroyuki.Kachi@dowjones.com
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