Business
MineHub Technologies and Sumitomo Corporation Partner to Accelerate the Digital Transformation of Industrial Supply Chains
Vancouver, British Columbia--(Newsfile Corp. - February 10, 2022) -   MineHub Technologie...
About this update from Minehub Technologies, Inc.
[{"type":"text","content":"MineHub Technologies and Sumitomo Corporation Partner to Accelerate the Digital Transformation of Industrial Supply ChainsVancouver, British Columbia--(Newsfile Corp. - February 10, 2022) -  MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) (\"MineHub\" or the \"Company\") is pleased to announce that MineHub and Sumitomo Corporation (\"SC\") are collaborating with the shared goal of bringing efficiency, transparency and responsibility to industrial supply chains, with an initial focus on mining & metals.SC and MineHub have been in discussions since 2020 and have been closely collaborating on product development since then. Under the partnership, SC and MineHub will continue to expand the MineHub core platform services with innovative solutions and value propositions. SC will promote the MineHub platform and solutions to its vast network of suppliers, customers and partners across the globe. MineHub will move to incorporate its existing presence in Japan, and expand its operations there further in order to support its growing market presence. Arnoud Star Busmann, CEO of MineHub, said \"Sumitomo Corporation is one of the most prestigious and internationally recognised Japanese institutions. It is a large conglomerate with a formidable presence in the global non-ferrous metals market. Being able to team up with such an influential company and talented people is an incredible opportunity that will bring benefits to industrial supply chains everywhere - and to the planet.\"The partnership will enable SC and its customers and suppliers to use the MineHub platform to unlock value through digitalisation. This includes for instance operational cost savings, emissions reduction, supply chain resilience and working capital optimisation.About Sumitomo CorporationSumitomo Corporation is a leading Fortune 500 global trading and business investment company with 134 locations (Japan: 22, Overseas: 112) in 65 countries and regions. The entire SC Group consists of more than 900 companies. SC conducts commodity transactions in all industries utilizing worldwide networks, provides customers with financing, serves as an organizer and a coordinator for various projects, and invests in companies to promote greater growth potential. SC's core business areas include six business units: Metal Products; Transportation & Construction Syste...