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MarketScreener Homepage  >  Equities  >  Tokyo  >  Mitsui & Co Ltd    8031   JP3893600001

MITSUI & CO LTD (8031)
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Mitsui : Novus building $360 million feed ingredient plant in Texas

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11/10/2017 | 08:49pm CEST

Nov. 10--Novus International is building a $360 million livestock feed ingredient plant in Calhoun County, Texas.

St. Charles-based Novus is expanding the company's Alimet feed supplement manufacturing capacity by acquiring 192 acres for the expansion. The initial facility, on 26 acres, will have 65 full time employees and construction is slated to be completed in 2020.

As global population rises, demand for animal protein production is prompting the expansion. "Expanding our Alimet production will help livestock and poultry producers all over the world be more efficient and profitable, better serving all of us with the food we need," Novus' president and CEO François Fraudeau said in a statement.

___

(c)2017 the St. Louis Post-Dispatch

Visit the St. Louis Post-Dispatch at www.stltoday.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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Financials (JPY)
Sales 2019 5 293 B
EBIT 2019 -
Net income 2019 442 B
Debt 2019 3 005 B
Yield 2019 3,78%
P/E ratio 2019 8,11
P/E ratio 2020 8,40
EV / Sales 2019 1,23x
EV / Sales 2020 1,22x
Capitalization 3 504 B
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Number of Analysts 9
Average target price 2 191  JPY
Spread / Average Target 9,0%
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Tatsuo Yasunaga President, CEO & Representative Director
Masami Iijima Chairman
Takakazu Uchida CFO & Managing Executive Officer
Satoshi Tanaka Representative Director & Executive Vice President
Toshiro Mutoh Independent Outside Director
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