Mitsui to Invest 18 Billion Yen in Erdos EPM.Tokyo, Japan, Sept 7, 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 announced today that it had reached a basic agreement with Erdos Electrical Power & Metallurgical Co., Ltd. in Inner Mongolia Inner Mongolia Chinese Nei Mongol or Nei-meng-ku Autonomous region (pop., 2002 est.: 23,790,000), China. Stretching some 1,800 mi (2,900 km) across north-northeastern China, it has an area of 454,600 sq mi (1,177,500 sq km); its capital is Hohhot. , China, to acquire a 25% share in Erdos EPM EPM equine protozoal myeloencephalitis. through a third-party allotment of newly issued shares and a purchase of shares from an existing shareholder. The total investment amount, which is expected to be approximately 18 billion yen, represents Mitsui's largest ever investment in a single project in China. Erdos EPM, part of the Erdos Group, currently utilizes rich local coal reserves to operate four major businesses around Erdos City in the Inner Mongolia Autonomous Region: power generation, coal mining, ferrous ferrous (fĕr`əs), iron in the +2 valence state. Containing or having to do with iron. The difference between ferrous and ferric is the number of valence electrons they contain (ferrous contains two and ferric contains three), which alloy production and water pumping The pumping of water is a basic and practical technique, far more practical than scooping it up with one's hands or lifting it in a hand-held bucket. This is true whether the water is drawn from a fresh source, moved to a needed location, purified, or used for irrigation, washing, or from the Yellow River. Mitsui will assist in the stable supply and the marketing of ferro-silicon and other ferrous alloy products in Japan and other export markets. Mitsui also hopes to gain a foothold in the power generation and coal development businesses in China, thus contributing to the economic development of the Inner Mongolia Autonomous Region in accordance with China's West Development Strategy. Copyright [c] 2006 Japan Corporate News Network. All rights reserved. |
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