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Size and Scope:
SOJITZ CORPORATION OF AMERICA is the U.S. subsidiary of Sojitz Corporation, an integrated global trading company.
SOJITZ CORPORATION is responsible for about $54 billion in annual trade transactions.
SOJITZ CORPORATION has 18,600 employees in 103 branches and offices and 637 subsidiaries and affiliates all around the world.
SOJITZ CORPORATION OF AMERICA, with 6 offices in the U.S., has sales about $7.5 billion annually.
SOJITZ CORPORATION OF AMERICA manages the activities of operations in the U.S., Canada, Mexico, Central America and South America.
Main Activities:
International trade, including export, import, offshore, domestic and counter-trade
Marketing and distribution
International project management
Trade financing and project financing
Transportation, insurance and customs services
Resource development
Direct investment, debt finance, leasing and asset-based finance.
History:
1906:
Nichimen Office established in New York.
1909:
Nichimen becomes first Japanese member of the New York Cotton Exchange.
1916:
Japan Cotton Trading Company established in Ft. Worth, TX.
1920s:
Suzuki & Co., predecessor of Nissho, had two offices in the US, one in Fort Worth, Texas and another in Portland, Oregon.
1928:
The Nissho Co. Ltd. formed in Japan.
1935:
Nissho New York office opened. Mr. G. Ishidoh is first GM
1941:
Outbreak of World War II and closing of Nissho NY.
1950:
Trade between US and Japan resumes. Nissho assigned by Japanese Ministry of International Trade and Industry to direct a shipment of barley from the US to Japan. Nichimen establishes office in Portland, Oregon, the first Japanese office in the US for food procurement.
1951:
Iwai New York, Inc. founded on Oct. 1.
1952:
The Nissho American Corp. incorporated on April 3 in New York. Nichimen Company Incorporated established the same year in New York.
1953:
Nissho America Corp's primary business is in textiles, metals and plywood, with machinery sales just starting.
1956:
Nissho Iwai relationship with Boeing started.
1959:
Nichimen office established in Seattle for purchasing logs and lumber.
1961:
Nichimen acquires licensing and marketing rights in Japan for McGregor apparel.
1962:
Nichimen becomes marketing agent in Japan for Spalding golf clubs.
1966:
Nichimen leases pier in Tacoma, Washington and begins operating dry yard for loading logs on a large scale.
1968:
Due to merger of The Nissho Co., Ltd. and Iwai & Co., Ltd. on October 1, Nissho American, Nissho Pacific and Iwai Incorporated merge; name is changed to Nissho-Iwai American Corp.
1970:
Relationship with Blue Ribbon Sports, which became NIKE, begins.
1974:
Nissho Iwai American Corporation first referred to as NIAC.
1975:
American Fuji seal Inc. established by Nichimen in cooperation with Fuji Seal Industries Co., Ltd.
1978:
NIAC holds first of a series of export seminars for US companies; over 100 firms attend ones in Atlanta and Birmingham.
1979:
NIAC gets first US mass transit contract: 141 light rail vehicles for Southeastern Pennsylvania Transit Authority.
1981:
Nichimen begins sales of automobile cassette decks to Ford Motor Co of US.
1985:
Contract received to supply subway cars to Port Authority of New York and New Jersey; Yonkers NY factory opens the following year.
1985:
NIAC trademark officially registered.
1986:
Tanashin do Brasil Ltda. established in Brazil by Nichimen to manufacture automobile cassette decks.
1987:
Tanashin de Mexico SA de CV established in Mexico by Nichimen to manufacture automobile cassette decks.
1989:
First NIAC trade mission to China.
1989:
First NIAC trade mission to Europe.
1990:
First NIAC trade mission to the Philippines.
1992:
NIAC celebrates "volunteerism" of American and Japanese staff in local communities around the US.
1992:
First NIAC subway cars for Taipei produced at Yonkers plant.
1993:
NIAC starts exporting Gateway computers to Japan.
1994:
NIAC and Nissho Iwai Corporation finance world's largest submersible oil drilling platform for Brazil.
1995:
Business Week ranks Nissho Iwai Corporation as world's 8th largest company.
1996:
NIAC affiliate Airship Management builds world's largest blimp.
1999:
Established GlobeLinQ International Fund I to invest over $30 million in US emerging high-tech companies.
2001:
World Trade Center disaster; NIAC and NAI families each donate over $100,000.
2002:
NIAC and NAI each celebrate 50th anniversary.
2004:
On April 1, NIAC and NAI merge to form Sojitz Corporation of America
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