Petro-Diamond Singapore (Pte) Ltd (PDS) is a wholly-owned subsidiary of Mitsubishi Corporation(MC) that was established in 1989 as a strategic foothold for developing its energy business. The company is involved in a wide range of business activities as MC's primary base for trading crude oil, petroleum products, LPG, and carbon products. Located in Singapore, the center of trade for petroleum in Southeast Asia, PDS has developed strong business links through superior customer service and close cooperation with regional customers including Malaysia, Indonesia, Thailand, and India. Recent years have seen the establishment of new oil refineries by Asian countries, together with a number of mega-mergers, which brought about dramatic changes in product distribution. Competition for dominance in the economically promising Southeast Asian region is being prolonged and fierce. MC regards this situation as a business opportunity rather than a threat. Accordingly, PDS's role as MC's strategic foothold will become more important than ever in regional business development.
Sector: Oil & Energy