Mitsubishi Chemical Group

Mitsubishi Chemical Group Corporation (三菱ケミカルグループ株式会社, Mitsubishi Kemikaru Guruupu Kabushiki-gaisha) is a Japanese company formed in October 2005 from the merger of Mitsubishi Chemical Corporation and Mitsubishi Pharma Corporation. The company is based in Tokyo and is one of the core Mitsubishi companies.

Mitsubishi Chemical Group Corporation
Native name
三菱ケミカルグループ株式会社
Mitsubishi Kemikaru Guruupu Kabushiki-gaisha
TypePublic (K.K)
TYO: 4188
IndustryChemical
PredecessorMitsubishi Chemical Corporation
Mitsubishi Pharma Corporation (currently Mitsubishi Tanabe Pharma Corporation)
Founded3 October 2005 (2005-10-03)
Headquarters
Tokyo
,
Japan
Key people
Jean-Marc Gilson, President and CEO
RevenueIncrease ¥2,515,076 million (March 2010) [1]
Increase ¥66,342 million (March 2010) [1]
Increase ¥12,833 million (March 2010) [1]
Total assets¥3,355,097 million (March 2010) [1]
Number of employees
54,111 [2]
SubsidiariesMitsubishi Chemical Corporation
Mitsubishi Tanabe Pharma
Mitsubishi Plastics
Mitsubishi Rayon
Mitsubishi Kagaku Media
Taiyo Nippon Sanso Corporation (大陽日酸)
Websitemitsubishichem-hd.co.jp

History

On December 4, 2021, the company announced they would be leaving the commodity chemical businesses by the 2023 fiscal year. The petrochemical and coal-chemical units accounted for $4.8 billion a year in sales and they said the reason for divesting is Japan's shift toward carbon neutrality and poor growth potential.[3]

References
  1. "Mitsubishi Chemical Holdings Corporation Condensed Consolidated Financial Information for the Year Ended March 31, 2010" (PDF). Mitsubishi Chemical Holdings. 13 May 2010. Retrieved 24 December 2010.
  2. "Mitsubishi Chemical Holdings Corp. (Public, TYO:4188)". Google, Inc. Retrieved 24 December 2010.
  3. Tullo, Alexander H. (2021-12-04). "Mitsubishi to exit petrochemical business". Chemical & Engineering News. Retrieved 2021-12-04.
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