Itochu Corporation <8001.T> announced on the 6th that it has established a domestic lumber sawing company FORJ (Ozu City, Ehime Prefecture) in North America in collaboration with Mukai Industry (Ozu City, Ehime Prefecture).

The company has previously purchased lumber products made from domestic timber sourced from Mukai Industry and has been selling them in the North American market through its subsidiaries, ALTA Forest Products LLC and Master Halco. By establishing this domestic lumber sawing company for North America and acquiring existing production facilities from Mukai Industry, product development and production using domestic timber, which is expected to continue growing in demand in the North American market, will be further strengthened.

On the 6th, the closing price was 7,797 yen, down 35 yen from the previous trading day.

Provided by Wealth Advisor Company.