Mitsui, one of the world’s most diversified trading, investment and service enterprises, has established a presence in Malta at Valletta Gateway Terminal following its acquisition of the Portek Group last year.

Valletta Gateway Terminal is joint a venture between Singapore-headquartered Portek Group and the Tumas Group.

VGT Malta managing director Peter Darley said that through Mitsui’s formidable financial resources, networks, synergies and logistics operations worldwide, VGT in Malta will be in a stronger position to accelerate its growth through its strategic importance as a hub within the Mediterranean and North African region.

Following the acquisition of Portek and its brand’s value in the global port industry, Mitsui stands to grow significantly by adding the Portek operations worldwide, within its portfolio.

Portek Group, the turnkey provider of equipment, services and solutions for the global port industry has interests in the Asia-Pacific region, Europe, the Mediterranean, Africa and the Americas.

Valletta Gateway Terminal was awarded a 30-year concession agreement in June 2006 to operate and manage the Grand Harbour Terminals, capable of handling roll on-roll off operations, trailers, containers, continental cargo and vehicles.

Mitsui operates 155 offices in 69 counties. It is multilaterally pursuing business that ranges from product sales, worldwide logistics and financing, through to the development of major international infrastructure and other projects in the following fields, iron and steel products, mineral and metal resources, infrastructure projects, motor vehicles, marine and aerospace, chemicals, energy, foods and retail, consumer services, information, electronics and telecommunications, financial markets, and transportation logistics.