Mitsui
Canvas Category OEM : Diversified
Utilizing our global operating locations, network and information resources, we are multilaterally pursuing business that ranges from product sales, worldwide logistics and financing, through to the development of major international infrastructure and other projects in the following fields: Mineral & Metal Resources, Energy, Infrastructure Projects, Mobility, Chemicals, Iron & Steel Products, Food, Food & Retail Management, Wellness, IT & Communication Business, Corporate Development Business.
Assembly Line
Angeles Equity Partners Acquires Acieta from Mitsui to Expand Robotics Integration Platform
An affiliate of Angeles Equity Partners, LLC (“Angeles”), a private investment firm focused on value creation through operational transformation, announced the acquisition of Acieta LLC (“Acieta”), a Midwest-based industrial robotics manufacturer and integrator, from Mitsui & Co. (U.S.A.), Inc. (“Mitsui”). This transaction marks the fourth strategic acquisition by Angeles in the robotics integration sector, complementing its current platform consisting of RōBEX, Mid-State Engineering, and +Vantage. Acieta further expands the business’ equipment tending, welding, and palletizing capabilities across a broader set of end markets including agriculture, foundry and die, welding and fabrication, and construction and building products.
China’s Miracle Automation, Japan’s Mitsui Team Up on Green Battery Recycling Plant
Chinese automated equipment maker Miracle Automation Engineering, which has been branching out into the recycling of electric car batteries in recent years, is linking arms with Japanese conglomerate Mitsui to build an eco-friendly recycling factory for used batteries.
Miracle Automation will build a green factory in China for the recycling, dismantling, crushing and pre-treatment of scrap lithium batteries as well as the recycling, regeneration and utilization of major constituents of lithium batteries, it said yesterday, citing the memorandum of understanding signed between the two parties. No further details about the plant were given.
Should the tie-up in China be a success, the two companies will team up on building low-energy-consumption pre-processing plants for used batteries overseas and engage in the trade of recycled battery materials, the Wuxi, eastern Jiangsu province-based company added.
The pair will leverage Tokyo-based Mitsui’s strong global industrial and sales networks as well as its financial strengths, and make use of Miracle Automation’s business and technological expertise in salvaging batteries to build an industrial ecosystem for battery recycling.
Celanese and Mitsui Sign Definitive Agreement to Form Nutrinova, a Food Ingredients Joint Venture
Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, and Mitsui & Co., Ltd. today announced the signing of a definitive agreement to form a Food Ingredients joint venture under the name Nutrinova. Celanese will contribute the assets, technology and employees of its Food Ingredients business while retaining a 30 percent stake in the joint venture. Mitsui will acquire the remaining 70 percent stake at a purchase price of $472.5 million, representing an enterprise valuation of approximately 15 times 2022 EBITDA. The parties expect to close the transaction in the second half of 2023, pending regulatory approvals.
The Nutrinova joint venture builds upon the existing long-term strategic partnership between the two companies. The agreement combines the technology, product portfolio and backward integration of the Celanese Food Ingredients business with Mitsui’s long-standing positions across the food value chain in Asia and other regions. Additionally, Celanese will continue to meet the full acetyls raw material needs of the Nutrinova JV under a long-term supply agreement.
Optimus Technologies Closes $17.8M Series A Led by Mitsui & Co. to Decarbonize the Transportation Industry
Optimus Technologies, a technology company that decarbonizes the largest and most challenging sectors of the transportation industry, announced today a $17.8 million Series A funding round led by Mitsui & Co. out of Tokyo, Japan. The round included participation from one of North America’s largest commercial fleets, Chevron Renewable Energy Group, and Pittsburgh regional investors including Idea Foundry, Inc., Innovation Works, Richard King Mellon Foundation, and Urban Redevelopment Authority of Pittsburgh.
The capital raise will fund the further development and deployment of Optimus’ Vector System, an advanced fuel system technology which enables heavy-duty diesel engines to operate on 100% biodiesel, a biogenic near-zero carbon fuel. Heavy-duty transportation sectors are extremely challenging and costly to deploy electric or hydrogen solutions which require total replacement of existing assets, buildout of completely new infrastructure and a fundamental shift in global energy production to renewables. Conversely, Optimus Technologies’ Vector System seamlessly integrates into existing engines currently in operation or can be built into new engines as they are manufactured, leveraging the foundational diesel engine for the transition to a low-carbon future.
🦾 Hai Robotics Partners with MITSUI&CO. MACHINE TECH (SHANGHAI) LTD.
Recently, Hai Robotics announced its strategic partnership with MITSUI&CO. MACHINE TECH (SHANGHAI) LTD. This alliance aims to offer top-notch warehouse automation solutions for clients in the manufacturing industry. It also signifies a deepening of cooperation between the two companies, as they have served several of the world’s leading zipper giants.