宝くじ ビンゴ 5 Group to Establish 宝くじ ビンゴ 5 Logistics (Tank Containers); Move Strengthens Ties with Nippon Concept Corp.

June 23, 2021

TOKYO-Mitsui O.S.K. Lines, Ltd. (宝くじ ビンゴ 5 & CEO; President: Takeshi Hashimoto) today announced that 宝くじ ビンゴ 5, Nippon Concept Corporation (NCC; President: Takayoshi Matsumoto; Headquarters: Chiyoda-ku, Tokyo), and 宝くじ ビンゴ 5 Logistics Co., Ltd. (MLG; President: Shuhei Togo; Headquarters: Chiyoda-ku, Tokyo) have decided to jointly establish 宝くじ ビンゴ 5 Logistics (Tank Containers) (MLGTC) within this month. The new JV will deepen the 宝くじ ビンゴ 5 Group's business alliance with NCC and expand and strengthen its business partnership related to tank container transport globally, with a start in Asian region, while serving as the headquarters of NCC's overseas agency business.

NCC is an international logistics company using tank containers (Note 1), and concluded a capital and business alliance agreement with 宝くじ ビンゴ 5 in 2018 (Note 2). 宝くじ ビンゴ 5 acquired 15% of NCC's issued shares, and moved ahead with cooperative measures such as sharing and mutual use of each company's overseas offices and business networks. MLG, which serves as a core of the 宝くじ ビンゴ 5 Group logistics business, already handles NCC's overseas agency business in Mexico, Myanmar, and Vietnam. Establishment of MLGTC will extend areas of the business alliance and further accelerate collaboration in business and cargo transport operations using tank containers. Specifically, MLG will extensively intensify its agency business on NCC's behalf, starting in Thailand and other major Asian countries showing tremendous growth in demand for chemical products, such as China and India. In addition, by leveraging 宝くじ ビンゴ 5 and MLG's networking capabilities, MLGTC will maximize the synergetic effects of NCC's know-how and track record in door-to-door international multimodal transport services for liquid cargoes and various types of gas. In the future, the three companies will expand the business alliance, and work together as one to offer safe, high-quality transport of chemical products on a global scale.

(Note 1)
In its container transport business, Nippon Concept Corporation (NCC) uses eco-friendly "ISO tank containers," which can be used repeatedly, enabling it to contribute to sustainably maintaining and growing society while damage to the global environment. For details, please refer to:
NIPPON CONCEPT CORPORATION|Our Concept (n-concept.co.jp)

(Note 2)
For details, please refer to the February 13, 2018, press release:
Notice Concerning Capital and Business Alliance between 宝くじ ビンゴ 5 and NCC | Mitsui O.S.K. Lines

MLGTC Corporate Profile