Marubeni Corp. is a Japanese conglomerate engaged in trading products and providing services in a broad range of sectors, including energy, chemicals, metals and mineral resources, infrastructure, power projects, industrial machinery, finance, logistics, food products, materials, among others. The company was incorporated as Marubeni in 1949, but it was originally founded in 1858. The Tokyo-based company has 30 subsidiaries outside Japan as well as 131 branches in 67 countries and regions. The company is active in Latin America with offices in Mexico, Argentina, Brazil, Colombia, Peru, Venezuela, and Guatemala. Some of its major operations in the region include the development of the Encuentros oxide ore deposit, part of the former's Centinela mine district in Chile's northern Antofagasta region (II), alongside London-listed Antofagasta plc; and a 30% stake in the Antucoya project, located in the same region, which has proven and probable reserves of 636Mt. Additionally the subsidiary Mitsui Ocean Development & Engineering (Modec) operates a charter business to provide a floating production, storage, and offloading system (FPSO) to be used offshore Brazil under a 20-year agreement; and it has provided train sets for Venezuelan Railways.