Mitsubishi Corp., Maruha Nichiro Establish Land-Based Salmon Joint Venture
The Mitsubishi Corporation (MC) and the Maruha Nichiro Corporation announced the establishment of a new joint venture company, ATLAND Corporation (ATLAND), that will specialize in the land-based production of salmon.
The duo said ATLAND will be established in Nyuzen town of Toyama prefecture in Japan in around October 2022, following regulatory approval. The breakdown of the new company will see MC hold a 51% share and Maruha Nichiro snag a 49% share.
The land-based facility will open with a capacity of 2,500 tons (live weight equivalent)...
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