President Aquino welcomes officials of Marubeni Corporation

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MANILA -- President Benigno S. Aquino III welcomed officials of a Japanese trading company who reiterated their commitment to enhance its business operations in the country during a ceremony in Malacanang on Monday.


Marubeni Corporation Chairman of the Board Teruo Asada and his team paid a courtesy call on the Chief Executive in a simple ceremony at the Malacanang Palace's Music Room.

Joining Asada were Fumiya Kokubu, President and Chief Executive Officer; Mamoru Sekiyama, Vice Chairman; Shigeru Yamazoe, Senior Managing Executive Officer; Michihiko Ota, Senior Executive Vice President and Regional CEO for ASEAN, Southwest Asia and East Asia and Managing Director of the Marubeni ASEAN Pte. Ltd. and Takashi Ishigami, President and CEO Marubeni Philippines Corporation.

Also in attendance were Trade Secretary Gregory Domingo and Energy Secretary Carlos Jericho Petilla.

During the meeting, Asada expressed gratitude to President Aquino for personally meeting him and his officials.

Marubeni Corporation started overseas activities in Manila, Philippines in 1909 as trader of textile and abaca. Branches in Cebu and Iloilo in the 1920's and Davao in the 1930's were opened to begin the network in the country.

In 1967, Daido Boeki and Daiken Sangyo (now known as Marubeni Philippines Corp.) was granted a branch status by the Philippines' Security and Exchange Commission (SEC). And in 1996, Marubeni Philippines Corporation was incorporated under Philippine laws.

Today, Marubeni Philippines Corporation remains one of the oldest and the most important among Marubeni's network of companies worldwide.