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7 <br /> • During Governor Cooper's business recruitment trip to Japan in October 2023, Don Hobart <br /> (Vice Chancellor for Research at UNC Chapel Hill) spoke at the Southeast U.S./Japan <br /> annual conference that featured NC and six other southeastern states, plus several <br /> hundred delegates. Mr. Hobart's presentation focused on Orange County's Morinaga HI- <br /> CHEW factory as a successful example of a Japanese industry operating successfully in <br /> North Carolina. <br /> i <br /> A <br /> 1 � <br /> Morinaga's International Business Profile <br /> • Morinaga & Co., which was founded in 1899 in Tokyo, Japan, is a major international <br /> confectionary & candy maker. Global sales revenue was comprised 53% in chocolates, <br /> caramel & biscuits, 19% in ice cream &frozen foodstuffs, 16% in health products, and 12% <br /> in cocoa/cake mix foodstuffs. The firm is Asia's equivalent to a Hershey's, Mars or Nestle. <br /> It is Japan's oldest and largest confectionary maker. <br /> • In Japan, which is the world's #2 overall largest candy and confectionary market (behind <br /> the USA), the Company has over 40 different product lines, where it holds the #1 Japanese <br />