Mitsui moves to Malta

Valletta Gateway Terminal is joint a venture between The Singapore headquartered Portek Group and the Tumas Group, one of the leading and diversified Maltese business groups.  The Portek Group is renowned as a leading turnkey provider of equipment, services and solutions for the global port industry and has interest in the Asia-Pacific region, Europe, the Mediterranean, Africa and the Americas.

In August 2011, Mitsui, one of Japanese leading general trading companies, acquired Portek Group, thus expanding exponentially in one stroke, their stronghold in the ports business worldwide.

Peter Darley, Managing director of VGT Malta emphasized that through the acquisition of Portek and the value the Portek brand stands for within the global port industry, Mitsui stands to grow significantly by adding the Portek operations worldwide, within its portfolio.

Asked what are the advantages of Mitsui's investment to the Malta VGT operation, Darley concluded by saying that with Mitsui's formidable financial resources, networks, synergies and logistics operations worldwide, VGT in Malta will be in a stronger position to accelerate its growth  through its strategic importance as a hub within the Mediterranean and North African region.

Mitsui is one of the most diversified and comprehensive trading, investment and service enterprises in the world, with 155 offices in 69 counties as of Feb, 2012. Utilizing the global operating locations, network and information resources, Mitsui is multilaterally pursuing business that ranges from product sales, worldwide logistics and financing, through to the development of major international infrastructure and other projects in the following fields, Iron & Steel Products, Mineral & Metal Resources, Infrastructure Projects, Motor Vehicles, Marine & Aerospace, Chemicals, Energy, Foods & Retail, Consumer Services, Information, Electronics and Telecommunications, Financial Markets and Transportation Logistics.

For more information, visit http://www.mitsui.com