Trust Recovery Growth Vitalization - Marubeni
Trust Recovery Growth Vitalization - Marubeni
Trust Recovery Growth Vitalization - Marubeni
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North America<br />
In the United States, Helena Chemical Company and Carlisle Leasing<br />
International, LLC, the most important subsidiaries of<br />
<strong>Marubeni</strong> America Corporation, continue to perform well.<br />
We plan to continue using these two companies as a platform<br />
for executing our North American regional strategy that calls for<br />
enhancing our business activities and profitability.<br />
<strong>Marubeni</strong> America Corporation, the <strong>Marubeni</strong> Group’s largest<br />
overseas corporate subsidiary, is the platform for executing<br />
<strong>Marubeni</strong>’s North American regional strategy that calls for enhancing<br />
the Group’s business activities and profitability. In the United<br />
States, Helena Chemical Company and Carlisle Leasing International,<br />
LLC, two of the most important subsidiaries of <strong>Marubeni</strong><br />
America continue to perform well.<br />
<strong>Marubeni</strong> America has 12 subsidiaries with about 3,000 employees<br />
as well as 22 affiliated companies. In 2004, the economy<br />
of the United States expanded along with growing investments<br />
and exports due, in part, to low interest rates and a rebound in the<br />
global economy. In this environment, Helena Chemical and Carlisle<br />
Leasing International, the two largest businesses of <strong>Marubeni</strong><br />
America, both achieved record earnings. This performance helped<br />
propel consolidated pretax earnings of <strong>Marubeni</strong> America to an alltime<br />
high.<br />
Helena Chemical is a diversified marketer of agricultural products,<br />
such as agrochemicals, fertilizer and seeds, with 250 sales<br />
bases throughout the United States. Despite challenges from a<br />
contracting agrochemical market and rising competition from<br />
imports, this company reported record earnings. One reason was<br />
growth in its agrochemical market share due to an increase in<br />
direct sales to farm operators. Another factor was growth in the<br />
scope of operations through numerous acquisitions, including in<br />
the fertilizer industry. Carlisle Leasing International leases refrigerated<br />
containers for maritime transportation. Backed by growth<br />
in international trade, especially exports from China, and strong<br />
<strong>Marubeni</strong> Corporation 2005<br />
demand for ocean transport, Carlisle Leasing International ordered<br />
more than 10,000 containers in 2004. This lifted its share of the<br />
container operating lease market to about 30%, making it the<br />
effective global leader in the business. In addition, backed by<br />
growing domestic food consumption, MAC Trailer Leasing LLC,<br />
which leases refrigerated trailers, is posting steadily higher earnings<br />
each year.<br />
Regarding <strong>Marubeni</strong> America’s trading business, <strong>Marubeni</strong><br />
America consolidated its three bases in the Silicon Valley region to<br />
form the new Silicon Valley Branch. This brings together sales<br />
personnel handling metal resources, IT, chemicals and other businesses,<br />
providing a unified platform for increasing sales of materials<br />
and products used by high-tech industries. To set the stage for<br />
future growth, <strong>Marubeni</strong> America is investing in a variety of funds<br />
and biotech venture companies with the aim of earning capital<br />
gains. Other forward-looking actions include the identification of<br />
products and businesses, and associated investments, for which<br />
demand exists in Japan. Examples are fuel cells, radio frequency<br />
identification (RFID), new materials and composite semiconductors.<br />
Another goal is increasing business with customers in China<br />
and other Asian countries.<br />
<strong>Marubeni</strong> America is currently working on achieving the goals of<br />
its “V” PLAN. One way is by achieving further growth at Helena<br />
Chemical and Carlisle Leasing International. <strong>Marubeni</strong> America is<br />
also placing priority on building businesses with deep local roots<br />
that can become new profit centers, as well as on identifying and<br />
developing other business opportunities.<br />
Tank facilities at Helena Chemical. An office at Helena Chemical. A refrigerated trailer for overland transport handled by<br />
MAC Trailer Leasing LLC.<br />
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