Press Release
globalCOAL welcomes two new Japanese Market Members
LONDON AND SINGAPORE – 12 April 2015
globalCOAL® announced today that two new Japanese Market Members have joined its online coal trading platform.
Itochu Singapore Pte Limited is a subsidiary of ITOCHU Corporation, which is involved in a broad range of industries, including coal, iron ore and non-ferrous metal. The Singapore office began trading coal in 2013 and is now rapidly expanding its business in Asia. As a group, ITOCHU traded 22 million tonnes of coal in the last fiscal year.
Shikoku Electric Power Company Incorporated (‘YONDEN’) is a Japanese utility which provides electricity to the four prefectures of Shikoku. YONDEN owns two coal-fired power plants: the Tachibana-wan power plant, which has a capacity of 70MW, and the Saijo power plant, with a 40.6MW capacity.
‘We are delighted to welcome two new Japanese trading partners to the globalCOAL community’, says Etsuyo Tomita, Market Manager for Japan at globalCOAL, ‘With this announcement, we now have twenty Market Members originating from Japan. Given that the Japanese are amongst the world’s biggest consumers of seaborne thermal coal, we especially value their participation in the globalCOAL marketplace.’
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