Daibiru to participate in logistics real property development project in Nagoya

Creating Synergy within MOL Group

Mitsui O.S.K. Lines, Ltd. (MOL) announced that its group company Daibiru Corporation is participating in a logistics real estate development project in Minato-ku, Nagoya. This is part of the Daibiru Group’s domestic business strategy to investigate expansion of asset types, a key element of its medium- to long-term management plan 2035 “BUILD NEXT.” The move will help Daibiru create synergies within the MOL Group, which is engaged in the logistics business, focusing on ocean transport.

This development project is a frozen warehouse, which will meet the rising demand for frozen warehouse space stemming from the 2030 Fluorocarbon Emissions Control Act (Note 1), as well as increasing sales of frozen food resulting from demographic changes in Japan, specifically, more dual-income and single-person households. The installation of cutting-edge automation equipment in the warehouse will optimize space utilization, boost efficiency, and reduce labor costs. Please refer to the Daibiru press release (Note 2) for details.

Under the “BLUE ACTION 2035” management plan launched in fiscal year 2023, the MOL Group has positioned the group’s business portfolio reform as its key growth strategy by increasing the weight of non-shipping and stable-profit businesses that cover the volatility of the shipping market, thus ensuring profitability even during shipping downturns.