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Strategies
In the automobile business, Sojitz is developing business in markets expected to undergo long-term economic growth including ASEAN, CIS, and North, Central, and South America while challenging to operate new companies in the emerging markets where new vehicle sales are expected to grow continuously, based on strategic partnerships with emerging overseas brands. We are carefully monitoring the economic environment including the debt crisis in Europe, developing comprehensive exposure management techniques previously introduced, and building a portfolio designed to produce steady income.
In the electric power IPP business, the Division received orders for three major projects in Saudi Arabia and Oman. In the future, we will focus on regions where it has strengths including Southeast Asia and five Gulf countries in the Middle East and plans to increase generating capacity (equity-based) to 1,700 MW (including projects under construction) by 2013. In the plant business, we received an order for a large-scale steel manufacturing plant in India and will continue to expand the business in key industries including fertilizer, chemicals, and steel and develop global sales and services in the industrial machinery business to raise profits. In the bearing business, we are expanding into growth markets on the basis of our dealer network and parts supply chain.
In the ICT business, in addition to selling and providing maintenance services for network equipment to domestic communications carriers that Nissho Electronics Corporation, a comprehensive ICT solution provider, specializes in, group companies such as Sojitz Systems Corporation, which performs system development, maintenance, and operation, and Sakura Internet Inc., which operates Internet data centers, are collaborating to implement strategies in response to the start of the cloud computing era with the aim of reforming income structures from flow to stock and developing overseas business with a focus on rapidly-growing Asia.
In the aerospace business, we are expanding business for airframes and related business including equipment, engines, parts, and so on with Boeing, Bombardier, and others by precisely following changes taking place in needs in the aviation industry. In the business aviation field, we will expand the business by targeting demand in Asia through the Subic branch in the Philippines which we newly established in addition to the one in Guam. We will also supply equipment to the Ministry of Defense and contribute in disaster relief fields in cooperation with the Sojitz Aerospace Corporation.
In the marine business, in addition to the traditional income base including the in-house vessel business, new vessels, used vessels, and marine equipment trading, we will expand into new environmental sectors such as handling environmental facilities and equipment including ballast water (water used as ballast in vessels) treatment equipment to prevent the introduction of non-indigenous organisms.
In the environmental and urban infrastructure fields, the Environment & Urban Infrastructure Development Office, which was established last year under the direct control of the Division, plays a key role in developing and organizing projects in the renewable energy business including solar cells, the transport infrastructure business, the water business, and Smart city related businesses with an eye towards responding to the increase in the need for environmentally-friendly infrastructure that can achieve a balance between economic growth and environmental preservation as populations increase in the future.
Organization
