Mitsubishi Chemical Holdings Corp. (TYO:4188) announced on Feb. 23 that it is bringing on board Larry Meixner, former president of Sharp Laboratories of America. He will head the company’s Emerging Technology and Business Development Office, which is set to be established on April 1. The new outfit will both promote the utilization of cutting-edge digital...
Mitsubishi Chemical Holdings
Chemical Industry Leader Outlooks for 2017 – Part 4: Life Sciences
Japan Chemical Daily recently had the opportunity to hear from chemical company executives regarding their outlooks for 2017. Continuing on from discussions on the global economy, bulk chemicals and functional chemicals, we were able to get inside perspectives on the landscape for life sciences. Mitsubishi Chemical Holdings Corp. (TYO:4188) President Hitoshi Ochi said that he...
Chemical Industry Leader Outlooks for 2017 – Part 2: Bulk Chemicals
Japan Chemical Daily recently had the opportunity to hear from chemical company executives regarding their outlooks for 2017. Continuing on from a discussion on the global economy, we were able to get inside perspectives on the landscape for bulk chemicals. Tsutomu Tannowa, CEO of Mitsui Chemicals Inc. (TYO:4183), said that 2016 was a good year...
Cutting-Edge Products to Be Crux of Growth for New Mitsubishi Chemical Entity, Says President
Hitoshi Ochi, president of Mitsubishi Chemical Holdings Corp. (TYO:4188), held a press conference on Dec. 8 where he announced the growth strategy for Mitsubishi Chemical Corp. This new entity will result from an April 2017 merger of Mitsubishi Chemical Corp., Mitsubishi Plastics Inc. and Mitsubishi Rayon Co. Ltd. Ochi said the new Mitsubishi Chemical will...
Bulk Chemicals Drive Higher Profits in April–September Reports by Major Manufacturers
Seven major chemical companies simultaneously announced earnings for April through September 2016. Mitsubishi Chemical Holdings Corp. (TYO:4188), Sumitomo Chemical Co. Ltd. (TYO:4005) and Asahi Kasei Corp. (TYO:3407), the top three in terms of net sales, reported lower operating income due to a higher yen. Meanwhile four other companies reported higher operating income: Shin-Etsu Chemical Co....
Rhombic Develops Color Masterbatch for Polypropylene
Rhombic Corp., a group company of Mitsubishi Chemical based in Yokkaichi, Mie Prefecture, has developed a new color masterbatch for polypropylene (PP). The product offers vivid transparent chromatic color, which is difficult to achieve by pigments. The new product has already been used for items that require elaborate design, such as cosmetic containers. Going forward,...
Mitsubishi Rayon, Lamborghini to Jointly Develop Automotive CFRP Production Technology
Mitsubishi Chemical Holdings Corp. (TYO:4188) subsidiary Mitsubishi Rayon Co. Ltd. announced on Sept. 16 that it will collaborate with Volkswagen Group firm Lamborghini S.p.A., Italy, on development of technologies for volume production of automotive carbon fiber reinforced plastic (CFRP). In Tokyo, Mitsubishi Chemical Holdings and Mitsubishi Rayon President Hitoshi Ochi signed a letter of understanding...
Chemical Industry Leaders from Japan and China Hold Summit in Shanghai
On Sept. 13, the Japan Chemical Industry Association (JCIA), Japan Petrochemical Industry Association (JPCA) and China Petroleum and Chemical Industry Federation (CPCIF) held a conference regarding Japan and China’s chemical industries at the Jing An Shangri-La Hotel in Shanghai, China. The conference was conducted by a subcommittee from the China Petroleum and Chemical International Conference,...
Healthy Life Compass Considers Online Service for At-Home Blood Test Sampling
Healthy Life Compass Corp., a subsidiary of Mitsubishi Chemical Holdings Corp. (TYO:4188), is looking to expand its self-check services in which customers draws their own blood samples. Currently under consideration is the offering of a new service that makes use of the internet, which would complement the more conventional service that the company currently provides...
Mitsubishi Chemical Holdings Takes Aim to Reach 12% Return on Equity
Mitsubishi Chemical Holdings (TYO:4188) is aiming to achieve its goal of increasing return on equity (ROE) to 12 percent as soon as possible, President Hitoshi Ochi said in a press conference on Aug. 9. Ochi said that one of the reasons for setting the target amount at 12 percent was that E.I. du Pont de...
Mitsubishi Chemical Holdings Sells PTA Businesses in China and India
Mitsubishi Chemical Holdings Corp. (TYO:4188) announced on July 27 that it will sell its purified terephthalic acid (PTA) businesses in China and India. The company has concluded a contract to sell all shares of Indian subsidiary MCC PTA India Corp. to Chatterjee Management Co. for $48 million by October of this year. However, the deal...
