Sojitz Logistics and Maruzen Showa Establish Logistics Joint Venture in Mexico
– International Logistics Services for Manufacturers in the Americas –
Jun. 1, 2016
Sojitz Logistics Corporation
Maruzen Showa Unyu Co., Ltd.
On May 19th, 2016, Sojitz Logistics Corporation (Head Office: Chiyoda-ku, Tokyo; Representative Director: Masaatsu Hirakawa; “Sojitz Logistics”) and Maruzen Showa Unyu Co., Ltd. (Head Office: Yokohama, Kanagawa Prefecture; Representative Director: Toshiyuki Asai; “Maruzen Showa”) established Sojitz Maruzen Logistics Mexico, S.A. de C.V. (“SMLM”; Head Office: San Luis Potosi; Business Office: Irapuato), a logistics joint venture located in the United Mexican States.
Mexico has recently garnered much attention as a strategic location for manufacturing companies, given the county’s proximity to the world’s second largest automobile market—the U.S., its geographic advantages as the bridge between North and South America, its abundant workforce, and its tariff incentives stemming from FTAs with 46 countries around the world, including the Japan-Mexico Economic Partnership Agreement and North American Free Trade Agreement (NAFTA). It is also one of the signatories to the recently finalized Trans-Pacific Partnership (TPP). SMLM’s location on the Central Mexican Plateau is well equipped for access to not only the U.S., but to Asia, Europe, and South America, with automobile companies currently accelerating efforts to enter the region.
To Sojitz Logistics and Maruzen Showa, SMLM’s establishment represents an opportunity to utilize each company’s expertise in transporting large-scale equipment to construct an “integrated machinery and equipment transport service ,” encompassing everything from import customs for equipment to domestic transport and installation. In an effort to meet customers’ diverse needs, Sojitz Logistics will not only provide domestic transport of products and logistics support for procurement of raw materials through Sojitz Group’s global network, but will team up with their overseas arm, Sojitz Logistics Corporation of America (Head Office: Itasca, Illinois), to provide a “comprehensive logistics service” connecting Mexico with the U.S., Asia, and Europe.
Sojitz Maruzen Logistics Mexico, S.A. de C.V. – Company Overview
San Luis Potosi, San Luis Potosi State, United Mexican States
218 Nivel 2 Edificio Alfa WTC Industrial, Ave. Central 104,
Col. Parque Logistico, San Luis Potosi, SLP, CP78395, MexicoBusiness Office：
Irapuato, Guanajuato, United Mexican States
Plaza de las Fuentes 6273 – Local 11, Centro Empresarial
Villas, Irapuato, GTO, CP36670, Mexico
|Established||May 19th, 2016|
|Slated for middle of June 2016|
|Ownership||Sojitz Logistics Corporation 66.7％
Maruzen Showa Unyu Group 33.3％
（Maruzen Showa Unyu Co., Ltd. -28.3%,
Maruzen of America, Inc. -5.0%）
|Main Business||International comprehensive logistics services|