MOL and Mitsubishi Estate Jointly Invest in Logistic Facility Project in Vietnam
Japan, Feb. 26 -- Mitsui O.S.K. Lines, Ltd. (MOL) announced that it has invested in the Logicross Hai Phong logistics facility development project led by Mitsubishi Estate Co., Ltd. (President and CEO: Atsushi Nakajima; Head Office: Chiyoda-ku, Tokyo) in Hai Phong located in Northern Vietnam. This marks MOL's first entry into the logistics facility ownership in Vietnam and will further accelerate the expansion of its logistics business in Southeast Asia.MOL Group is advancing a business portfolio transformation under its "BLUE ACTION 2035" management plan to secure stable earnings that are less susceptible to fluctuations in the shipping market. A key initiative is strengthening the "Logistics Infrastructure" (Note 1) segment within its log...
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