Mitsui, Sumitomo cancel fertilizer business in Japan

Mitsui, Sumitomo cancel fertilizer business in Japan

10:52 AM, 25th October 2012
Mitsui, Sumitomo cancel fertilizer business in Japan

TOKYO, JAPAN: Mitsui & Co Ltd and Sumitomo Corporation have been negotiating about the integration of their fertilizer business in Japan since the announcement of the basic agreement on 8 March 2012. However, both the companies have reached to a conclusion that integration would not yield the benefits that were initially anticipated, and Mitsui and Sumitomo have therefore cancelled their basic agreement concerning the integration of fertilizer business in Japan. The business alliance established in March 2010 in relation to the fertilizer raw material importing business will continue.

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