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TYO:9147

2 stories mentioning TYO:9147Updated 17d ago

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Asia

Mazda, Nippon Express Run Trial for Biodiesel Fuel Use

Mazda Motor (TYO:7261) and Nippon Express (TYO:9147) have launched a demonstration trial using biodiesel fuel (HVO) for finished vehicle transport trailers.Mazda is aiming to achieve carbon neutrality across its entire supply chain by 2050, while the NX Group is working toward a carbon-neutral society, according to a Tokyo bourse filing on Tuesday.The demonstration trial is conducted between Hofu's Nishinoura district plant and Nakanoseki finished vehicle yard, about a 12 km round trip, through the end of the year, evaluating fuel efficiency, performance, and operational challenges.The biodiesel fuel will be procured by NX Shoji, with trailers operated under conditions equivalent to conventional diesel.Going forward, Mazda will collaborate with fuel suppliers and regionally rooted businesses to expand demand, enhance supply systems, and build a sustainable environment for long-term HVO use.

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Asia

Nippon Express Holdings to Acquire Metro Supply Chain Group

Nippon Express (TYO:9147) said it agreed to acquire Canada-based Metro Supply Chain Group for an enterprise value of 207 billion yen through a wholly owned subsidiary, according to a Friday filing on the Tokyo Stock Exchange.The company will purchase 11.8 million shares, representing a 100% stake, from LDC Metro Holdings and CDP Investissements in a cash transaction.An additional earn-out payment of up to 46 billion yen may be paid if certain financial targets are met.The acquisition is aimed at strengthening the group's presence in North America and expanding its contract logistics capabilities across sectors including retail, automotive, healthcare, and technology.

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