News Release

2010.7.20Joint Venture Between Fuji Oil and Solae LLC Terminated – Fuji Protein Technologies Inc. to be Dissolved

Fuji Oil Co., Ltd.
Solae L.L.C.



Fuji Oil Co., Ltd. (“Fuji Oil”, President: Yoshitaka Ebihara) and Solae, LLC (“Solae”, CEO: Torkel Rhenman) of the U.S. have agreed to terminate the joint venture for the sales of soy protein products in Japan. The two companies plan to liquidate their joint venture company Fuji Protein Technologies, Inc. (President: Tsutomu Katayama; “FPT”) as of July 20, 2010.

Fuji Oil and Solae will both continue with the sales of soy protein and soy fibers products in Japan after the termination. Solae plans to supply its products through DuPont K.K..

To facilitate transfer of operations following the termination, FPT will continue business until around October 1, 2010. Fuji Oil and Solae will cooperatively make efforts to smoothly transfer supply of products during this period.


About Solae, LLC

(1) Established: April 2003
(DuPont (USA): 72%, Bunge Limited: (Headquarters: White Plains, NY): 28%)
(2) Headquarters: St. Louis, MO USA
(3) CEO: Torkel Rhenman
(4) Employees: Approx. 2,400
(5) Net sales: Approx. $1.2 billion
(6) Line of business: Production and sales of soy protein isolates, soy protein concentrates, fibrous soy protein, granular soy protein, soy fibers, soy lecithin and soy polymers

End of report

Inquiries

About inquiries

  • Inquiries are accepted during company hours on weekdays.
    Working hours: 9:00 AM ~ 5:00 PM, Monday ~ Friday
    (Inquiries are not accepted on Saturdays, Sundays, holidays, the year-end holiday season, the summer vacation season, and company holidays.)
  • Please note that it may take considerable time for us to respond to your inquiry, depending on the matter raised.
    Please also note that we may not be able to provide a response, depending on the matter raised.
  • Replies will be sent to the individual customer. Please refrain from forwarding, making secondary use of, or disclosing any reply, in whole or in part, to any third party, without the permission of our company.
  • Because we may furnish a reply by telephone, please enter a telephone number where you can be contacted during the day.

Inquiry type

Inquiry subject *
Name of the product
Purpose
Inquiry text *

Customer information

First Name *
Last Name * * This field is required.
E-mail address *
(Enter again for confirmation)
Postal code * This field is required.
Address1 *
Address2 *
City *
State/Province *
Country *
Telephone number
Occupation *
Company name
Organizational unit

Personal information

  • We shall manage all personal information on customers and the text of their inquiries in accordance with our policy on protection of privacy.
  • We shall use any personal information on customers only for response to their inquiries.

Click the send button if the text is correct.

Inquiry type

Inquiry subject
Name of the product
Purpose
Inquiry text

Personal information

First Name
Last Name
E-mail address
Postal code
Address1
Address2
City
State/Province
Country
Telephone number
Occupation
Company name
Organizational unit

We have received your inquiry. Thank you for sending it.