TOKYO—Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) , MOL Logistics Co., Ltd. (MLG; President: Koichi Yashima; Headquarters: Chiyoda-ku, Tokyo), and Nippon Concept Corporation (Nichicon; President: Takayoshi Matsumoto; Headquarters: Chiyoda-ku, Tokyo) (Note 1) jointly established MOL Logistics (Tank Containers) (MLGTC; President: Shuhei Togo; Headquarters: Chiyoda-ku, Tokyo) to introduce chemical product transport using tank containers in the U.S. in February 2022, following the launch of the service in Asia last year.

MOL, MLG and Nichicon established MLGTC in June 2021 (Note 2) and began overseas agency services for Nichicon. Through MLGTC, we have expanded and enhanced chemical product transport using Nichicon’s tank containers.

(Tank containers and terminal of Nichicon)

In the U.S., Nichicon established its wholly-owned subsidiary Nippon Concept America, LLC, in Houston, Texas, in February 2012 and developed the business as a sales hub serving the U.S.

MLG has enhanced chemical product transport business with Nichicon’s tank containers, with MLG subsidiaries providing overseas agency services for Nichicon in a total of nine countries and regions (Mexico, Myanmar, Vietnam, Thailand, India, the Philippines, China, Taiwan, Hong Kong), with a strong focus on Asia.

With the chemical product transport market expected to grow, MLGTC will provide innovative service to current customers as well as expand ties with potential customers, with MLG supporting Nichicon’s business through its 14 branches in the U.S.

In the future, MLGTC will expand the partnership areas around the world including Europe to maximize synergistic effects by combining Nichicon’s high- quality chemical product transport services and MLG’s global networks (Note 3), with the aim of developing safer, higher-quality, and stress-free chemical product transport services on a global scale.

MOL continually engages in safe transport of chemical products using low- environmental-impact ISO tank containers. The company positions this field as one of the pillars of its logistics business, from the viewpoint of the environmental strategies set in the “Rolling Plan 2021” (Note 4) management plan.

(Note 1) Nichicon is an international logistics company using tank containers. It uses eco-friendly ISO tank containers, which can be used repeatedly, enabling it to contribute to sustainably maintaining and growing society while preventing damage to the global environment. For details, please refer to:

NIPPON CONCEPT CORPORATION|Our Concept (n-concept.co.jp)

(Note 2) For details, please refer to June 23, 2021 press release:

MOL Group to Establish MOL Logistics (Tank Containers); Move Strengthens Ties with Nippon Concept Corp.

(Note 3) MLG has 135 branches in total 26 countries, and 188 agencies in total 51 countries in the world (as of October 2021). For details, please refer to the following URL: Global Network|MOL Logistics Co., Ltd. (mol-logistics- group.com)

(Note 4) For MOL management plan “Rolling Plan 2021,” please refer to the following URL: Outline of Management Plan (Rolling Plan)