TOKYO, Jun 30, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Corporation (MC) and Maruha Nichiro Corporation (Maruha Nichiro) are pleased to announce our agreement to establish a new joint venture company, ATLAND Corporation (ATLAND), that will specialize in the land-based production of salmon. ATLAND will be established in Nyuzen town of Toyama prefecture in around October 2022.1 The investment ratio of ATLAND will be MC 51% and Maruha Nichiro 49%. Following the establishment of the company, a land-based aquaculture facility with a capacity of 2,500 tons (live weight equivalent) will be constructed in Nyuzen town, with the aims of starting operations in 2025 and completing the first delivery in 2027. MC and Maruha Nichiro have been discussing the joint promotion of this project since March 2021. This project is expected to help develop a sustainable and stable land-based production system, efficient digital-tech-based operations, local production for local consumption, and progress in decarbonization. Our companies are both dedicated to leveraging our strengths and businesses to simultaneously generate economic, environmental and societal value. Local Production for Local C...