Mitsubishi Gas Chemical conducts a wide range of businesses globally, from methanol, xylene, hydrogen peroxide and other basic chemicals through to life-science products, metaxylene derivatives, electronic chemicals and other fine chemicals. As well as engineering plastics, optical materials, electronic materials, oxygen absorbers and other advanced materials, it is also involved in the mining and sale of natural gas, petroleum and other minerals.
It has plants situated at Niigata, Naniwa, Saga, Yokkaichi, Mizushima, Yamakita, and Kashima, with Naniwa and Saga being part of the Yokkaichi plant.
MGC is headquartered in Tokyo, Japan and has around 4,686 employees (fiscal-2009).
History
Mitsubishi Gas Chemical was formed in 1971 when Mitsubishi Edogawa Chemical merged with Japan Gas Chemical.
Mitsubishi Gas Chemical is divided into the following four business segments:
Natural Gas Chemicals
The linked businesses in this segment include natural gas through to commodity chemicals such as methanol, ammonia and formaldehyde and organic chemicals derived from these commodity chemicals.
Other business areas include the development of life-science products and exploration gas fields in Japan, and the supply of geothermal heat and stream for thermal power production.
Aromatic Chemicals
The aromatic chemicals segment develops various chemicals, mainly based on xylene isomers. Applications include products integral to people’s everyday lives, such as textiles, paints, fragrances, bottles for drinks, food packaging materials and automotive parts. Its line-up of materials and final products range from commodity chemicals to fine chemicals.
Speciality Chemicals
The inorganic chemicals business handles hydrogen peroxide, hydrogen peroxide derivatives, electronic chemicals for applications such as semiconductors, liquid crystals, printed wiring boards, and plastic lens monomers with high reflection index.
The engineering plastics business has adopted a global perspective, supplying a wide range of engineering plastics from polycarbonates to modified high heat-resistant plastics.
Information and Advanced Materials
The electronics materials business supplies a wide range of products based on high-performance epoxy resins and BT resins, an original material, including printed wiring boards, shield boards and materials for semiconductor packaging.
In the oxygen absorbers business, it is a producer of products for use in food products and various other applications including pharmaceutical and medical products.
Mitsubishi Gas Chemical
Strategy & Financial Highlights
Mitsubishi Gas Chemical (MGC) states that it has now ‘successfully implemented the targets and reforms’ of its previous Kyoso 2005 management plan and strategy. It will now enter the second stage of ‘further growth’ as it embarks upon its ‘new’ medium term management plan named ‘Kyoso 2008’. (Edited from ‘Message from the management’). ICIS also provides you with key financial data listed in table form.
More about Mitsubishi Gas Chemical Strategy & Financial Highlights
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