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Overseas Network
The overseas business operations of
the Fuji Oil Group have continued to grow year by year. We
established a new subsidary in Singapore in 2003 and another
in the United States in 2004, and bought a majority equity
share in a Shanghai company in 2003, increasing the number
of our overseas group companies to 13. Fuji Oil Group companies
in North America, China, and elsewhere in Asia are continuing
to expand by enlarging their production facilities and building
new plants.

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