Mitsui shows confidence in Australian investments

Japanese conglomerate Mitsui is planning to spend another $3.5bn in expanding its operations in Australia, the latest in a wave of Japanese investment in Australia.

The Australian is reporting that Mitsui’s Australian chief executive Noburu Katsu said Mitsui planned to expand its operations in Australia, which currently include iron ore, LNG, coal, oil and gas, power generation, construction and mining machinery, chemicals, steel products, woodchips, salt, beef and financial services.

“Last year we invested $2.5bn in Australia,” he said. “We still have $3.5bn of future investments in the pipeline.”

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