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• Company Selling Raw Materials for Animal Feed to be Established in Malaysia - Accelerating cereal grain business for developing countries, where demand is increasing -

Company Selling Raw Materials for Animal Feed to be Established in Malaysia - Accelerating cereal grain business for developing countries, where demand is increasing -

2010-01-29

Toyota Tsusho Corporation (hereinafter referred to as "Toyota Tsusho"; Headquarters: Nagoya City; President: Junzo Shimizu), together with Malayan Flour Mills Bhd (hereinafter referred to as "MFM"; Headquarters: Kuala Lumpur, Malaysia), intend to establish a company (company name: Premier Grain Sdn Bhd) to sell raw materials for animal feed in Kuala Lumpur, Malaysia, where demand for animal feed is expected to grow in the future.
Toyota Tsusho intends to integrate the company's cereal grain procurement capabilities, considered to be among the strengths of the company, with logistical and distribution facilities, as well as the sales capabilities of MFM, and take the current sales share of MFM to the top level in Malaysia, through the establishment of this new joint venture business.
Toyota Tsusho decided to establish a sales company as a partner in a joint venture with a locally dominant business, since demand for the raw materials of animal feed, such as corn and soy bean cakes, is expected to continue growing in the future, as living standards in Malaysia improve with the increase in population of a productive age, at a rate in excess of the already significant rates of growth recorded by other Asian countries.
Toyota Tsusho has been striving to procure cereal grains intended for Japan in a stable and economical manner by fully drawing upon the strengths of trading know-how cultivated through experience over many years and the company's strong ties with cereal grain production regions. In order to participate in other markets within Asia, including the markets in Malaysia, these capabilities will be utilized and Toyota Tsusho will contribute to the improvement of food supplies in developing countries by building a global value chain.

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