|
| Friday, 15 January 2021, 13:00 HKT/SGT | |
| |  | |
Source: TES | |
|
|
|
|
| TES announced today that Sojitz Corporation ("Sojitz") has acquired a minority stake in TES-AMM JAPAN K.K. ("TES") |
SINGAPORE, Jan 15, 2021 - (ACN Newswire) - Sojitz is engaged in a wide range of businesses globally, including buying/selling/importing/exporting goods, manufacturing and selling products, providing services, and planning and coordinating projects in Japan and overseas. Sojitz also invests in various sectors including automobiles, aerospace, medical infrastructure, energy, mineral resources, chemicals, agricultural and forestry resources, consumer goods and industrial parks. Headquartered in Japan, the Sojitz Group consists of approximately 400 subsidiaries located around the world.
With recent concerns surrounding resource depletion and uneven commodity resource distribution, the resource recycling business is expected to become increasingly important. This investment means TES can combine its extensive capability base with Sojitz's deep experience in metals and comprehensive resource recycling businesses to develop and innovate outcomes for commodities that will become a significant source of raw materials in the coming decades. Sojitz will partner with TES to promote TES services in Japan, and Sojitz's extensive network will leverage TES's lithium-ion battery recycling and energy storage businesses.
"TES's mission is to make a decade of difference by securely, safely and sustainably transforming and re-purposing 1 billion kilograms of assets by 2030," said Gary Steele, TES' Chief Executive Officer. "Sojitz's experience and shared vision of a more sustainable world make them an ideal partner for TES. The Sojitz investment reaffirms that, and we couldn't be more excited about partnering with them to offer sustainable technology solutions that drive the circular economy in Japan."
TES is backed by Navis Capital Partners, one of Southeast Asia's largest private equity companies, with over US $5 billion under management. Jean-Christophe Marti, Senior Partner at Navis, commented: "Looking ahead, global manufacturing is potentially facing raw material commodity shortages stemming from the exponential proliferation of IoT devices, electric vehicles and mobility devices. Visionary companies like Sojitz understand that, and this partnership is another step in the realization of our foundational strategy to build a global sustainability leader around the TES platform."
About TES
Founded in 2005, TES is a circular economy leader focused on helping customers with the commissioning, deployment and retirement of IT assets. As one of the world's largest providers of IT lifecycle services, TES understands the common challenges faced when managing IT equipment through its lifecycle, and our bespoke, cost-effective solutions address these challenges while maintaining compliance with all local and international data security, environmental and industry regulations.
TES has an unmatched global footprint and operates 40 locations across 20 countries with more than 1,700 employees. Our mission is to create outstanding value for our customers, employees and stakeholders as well as for the global community by leveraging our unique combination of security, value recovery and environmental expertise. Find out more at www.tes-amm.com.
About Sojitz
Find out more at https://www.sojitz.com/en
Related Images
image1.png https://www.newsfilecorp.com/redirect/qJPAcQn1Z
Media Contact Information
hodo@sojitz.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/72133
Topic: Press release summary
Source: TES
Sectors: Daily Finance, Environment, ESG, Daily News, Alternative Energy
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
| |
Latest Press Releases
New Progress in the Merger of Guotai Junan and Haitong Securities
Nov 24, 2024 18:14 HKT/SGT
|
|
|
CleverTap Recognized as a 'Strong Performer' in the Cross-Channel Marketing Hubs, Q4 2024 Report
Nov 23, 2024 20:42 HKT/SGT
|
|
|
First Quarterly Profit, High-Quality Platform Growth, NaaS Technology Accelerates Ecosystem Development
Nov 22, 2024 23:22 HKT/SGT
|
|
|
Tat Hong Equipment Service Co., Ltd. Announces 2024/25 Interim Results
Nov 22, 2024 19:56 HKT/SGT
|
|
|
Daeshin MC Co., Ltd. Unveils Its Clean Solutions Creating Pleasant Indoor Environments from Industrial Sites to Public Facilities 
Nov 22, 2024 11:00 HKT/SGT
|
|
|
Kaplan Fox & Kilsheimer LLP Alerts Investors to a Securities Class Action Against Humacyte, Inc. (HUMA) - Deadline is January 17, 2025
Friday, November 22, 2024 10:00:00 AM
|
|
|
Jacobson Pharma Announces FY2025 Interim Results
Nov 22, 2024 10:00 HKT/SGT
|
|
|
NaaS Q3 2024 Recap: Strategic Shifts and Tech Innovations for Growth
Thursday, November 21, 2024 9:59:00 PM
|
|
|
GMG Unveils SUPER G(R): A Game-Changing Graphene Solution for the Lithium-Ion Battery Industry
Nov 21, 2024 21:29 HKT/SGT
|
|
|
neurocare Group AG Welcomes Kevin Reeder as Chief Financial Officer
Nov 21, 2024 21:20 HKT/SGT
|
|
|
|
|
More Press release >> |
|
|
|
