Mitsui Acquires Salt Field in Western Australia.Tokyo, Japan, June 6, 2006 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) ) - Mitsui Acquires Salt Field in Western Australia Western Australia, state (1991 pop. 1,409,965), 975,920 sq mi (2,527,633 sq km), Australia, comprising the entire western part of the continent. It is bounded on the N, W, and S by the Indian Ocean. Perth is the capital. Mitsui Corporation has basically agreed with Akzo Nobel of the Netherlands on the acquisition of Onslow Salt, a salt farm in Western Australia. Under the agreement terms, Mitsui will purchase an 87.3% stake in Onslow currently hold by Akzo for 13 billion yen ($117.0 mil)). Onslow Salt has a solar saltern salt·ern n. A saltworks. [Old English sealtærn : sealt, salt; see salt + ærn, house.] with an annual output of 2,500,000 ton. In addition to Shark Bay Salt Joint Venture in Western Australia, in which Mitsui owns a 100% share, the company now has an annual salt production capacity of 3,800,000 tons. With this move, Mitsui aims to improve salt field management and ensure a stable supply of salt as a raw material. Accordingly, it will be able to go offensive in the salt market for electrolysis electrolysis (ĭlĕktrŏl`əsĭs), passage of an electric current through a conducting solution or molten salt that is decomposed in the process. and food industries. Copyright [c] 2006 Japan Corporate News Network. All rights reserved. |
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