Japanese trading companies are continuing to build their UK and global energy activities, as we outlined in our recent report. Mitsui & Co have acquired Aberdeen based STATS (UK) – an energy pipeline repair and engineering services, involved in projects around the world, including, unfortunately, Russia – but this only represents 5% of their turnover. They have 311 employees in the UK, £50m turnover, and were profitable in the year ending December 2021.
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