Mitsubishi Corporation, ADM Sign Non-Binding MOU, Form Strategic Alliance
Companies Agree to Explore Multiple Areas of Collaboration Across Agriculture Supply Chain
ADM
Mitsubishi Corporation (hereinafter "MC") and ADM are pleased to announce that both companies have signed a non-binding memorandum of understanding to form a strategic alliance to explore potential areas of future collaboration across the agriculture value chain.
In recent years, the importance of secure and resilient food and agriculture supply chains has come into sharper focus, driven both by short-term dislocations as well as structural demand shifts powered by global population growth, economic development, and increasing consumer preference for sustainably sourced products. It has thus become essential to adopt a comprehensive and cross-industrial approach, connecting multiple businesses in different segments to address these challenges.
Building on their long relationship, MC and ADM now will explore potential new ways to bring their respective strengths together to meet these global challenges.
MC offers a cross-industrial business platform spanning multiple industries including food and energy, with ADM offering the capabilities of one of the world's largest food and agriculture companies. The companies hope that these broad and deep capabilities will allow them to create value by identifying new opportunities to meet global needs ranging from a robust biofuel supply chain to a stronger, more resilient global food system.
Together, MC and ADM are committed to creating value and driving solutions that will help shape the future of the global agriculture value chain.
CompanyProfile
1. Mitsubishi Corporation
| Head office | 3-1, Marunouchi 2-Chome, Chiyoda-ku, Tokyo, Japan |
|---|---|
| Representative | Katsuya Nakanishi, Representative Director, President and CEO |
| Established | 1954 （Registered 1950） |
| Business Description | MC is a global integrated business enterprise that develops and operates business together with its global network of around 1,300 group companies. With an unwavering commitment to conducting business with integrity and fairness, MC is fully dedicated to growing its businesses while contributing to a prosperous society around the globe. Through its business activities, MC fulfill its mission of simultaneous generation of economic value, societal value, and environmental value. MC operates across eight distinct business groups in the fields of Environmental Energy, Materials Solution, Mineral Resources, Urban Development & Infrastructure, Mobility, Food Industry, S.L.C. (Smart-Life Creation), and Power Solution. |
2. Archer-Daniels-Midland Company
| Head office | 77 West Wacker Drive, Suite 4600, Chicago, Illinois 60601 U.S.A. |
|---|---|
| Representative | Juan R. Luciano, Chair of the Board of Directors, Chief Executive Officer and President |
| Established | 1902 |
| Business Description | ADM unlocks the power of nature to enrich the quality of life. ADM is an essential global agricultural supply chain manager and processor, providing food security by connecting local needs with global capabilities. ADM is a premier human and animal nutrition provider, offering one of the industry’s broadest portfolios of ingredients and solutions from nature. ADM is a trailblazer in health and well-being, with an industry-leading range of products for consumers looking for new ways to live healthier lives. ADM is a cutting-edge innovator, guiding the way to a future of new bio-based consumer and industrial solutions. And ADM is leading in business-driven sustainability efforts that support a strong agricultural sector, resilient supply chains, and a vast and growing bioeconomy. Around the globe, ADM’s expertise and innovation are meeting critical needs from harvest to home. Learn more at www.adm.com. |
Materiality
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