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Mitsui Chemicals
Mitsui Chemicals

Chemicals / Chemical Manufacturing and Services

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Company at a Glance

Overview
Mitsui Chemicals, Inc. is a Japanese chemical company that manufactures and sells a wide range of chemicals, plastics, and materials. The company was founded in 1955 and is headquartered in Tokyo, Japan. Mitsui Chemicals has multiple business segments, including basic chemicals, functional polymeric materials, functional chemicals, and others. The company’s products are used in various industries, such as automotive, electronics, food and beverage, and healthcare.
Mitsui Chemicals is a global company with operations in over 30 countries, including the United States, China, Germany, and Thailand. As of 2020, the company had over 170 subsidiaries and affiliates worldwide.
The company’s mission is to contribute to society through the creation of value by innovative technology, and its vision is to become a global chemical company that is trusted throughout the world. Mitsui Chemicals’ values include customer satisfaction, innovation, social responsibility, and respect for diversity.
Mitsui Chemicals places a strong emphasis on sustainability and environmental responsibility in its operations. The company has set long-term targets to reduce greenhouse gas emissions, promote recycling, and develop eco-friendly products.
In addition to chemical production, Mitsui Chemicals also engages in research and development activities and collaborates with other companies, universities, and research institutions to create new materials and technologies.
The company’s current president and CEO is Tsutomu Tannowa, and its major shareholders include Mitsui & Co., Ltd., Mitsui Fudosan Co., Ltd., and Nippon Life Insurance Company.
As of March 2021, Mitsui Chemicals reported net sales of 1,759.8 billion yen (approximately $16.2 billion USD) and employed over 17,000 people worldwide.
What is special about the company?
1. Global Presence: Mitsui Chemicals has a strong global presence with operations and offices in over 30 countries around the world. This allows the company to cater to a diverse and wide-ranging customer base.
2. Diverse Product Portfolio: The company's product portfolio is highly diversified, ranging from basic materials and performance materials to healthcare and food packaging. This diversification provides a stable income base for the company and reduces its exposure to market fluctuations.
3. Cutting-Edge Technology: Mitsui Chemicals invests heavily in research and development to ensure that it stays at the forefront of technological innovation. The company has a track record of developing new and advanced products that cater to the changing needs of its customers.
4. Sustainable Practices: Mitsui Chemicals is committed to sustainable practices and has implemented various initiatives to reduce its environmental footprint. It is actively involved in developing and promoting eco-friendly products and processes.
5. Strong Ethical Values: The company places a strong emphasis on ethical standards and conducts business with integrity and transparency. It is committed to maintaining high ethical standards in all aspects of its operations.
6. Employee Development: Mitsui Chemicals values its employees and invests in their development through training programs and career advancement opportunities. This has resulted in a dedicated and skilled workforce, which contributes to the success of the company.
7. Social Responsibility: Mitsui Chemicals is committed to giving back to society through various social responsibility initiatives. This includes supporting local communities, promoting education and health, and disaster relief efforts.
8. Financial Stability: With a solid financial performance, Mitsui Chemicals has a strong balance sheet and a stable credit rating. This allows the company to make strategic investments and pursue growth opportunities.
9. Synergy with Other Companies: As a member of the Mitsui Group, Mitsui Chemicals has access to the resources and expertise of other companies within the group. This allows for collaboration and synergy in various business areas.
10. Customer-Focused Approach: The company's customer-focused approach is reflected in its commitment to delivering high-quality products and services, as well as its focus on building long-term partnerships with its customers. This has helped establish Mitsui Chemicals as a trusted and reliable supplier in the industry.
What the company's business model?
The Mitsui Chemicals company's business model is based on offering a diverse range of chemical products and services to various industries such as automotive, electronics, healthcare, packaging, and more. The company focuses on research and development to create technologically advanced and sustainable solutions that meet the evolving needs of their customers. They also have a global presence and strategic partnerships to expand their market reach and strengthen their supply chain. Additionally, Mitsui Chemicals prioritizes sustainability and corporate social responsibility in their operations, aiming to contribute to the betterment of society and the environment.
Interesting facts about the company
1. Mitsui Chemicals is a Japanese company that was founded in 1955. Its headquarters are located in Tokyo.
2. The company’s name Mitsui comes from one of the founding families, the Mitsui family, who were prominent figures in Japanese business and politics.
3. Mitsui Chemicals is a global company with operations in over 30 countries and regions, including the United States, China, and Europe.
4. The company’s business covers a wide range of industries, including healthcare, mobility, food and packaging, basic materials, and more.
5. Mitsui Chemicals is a major producer of petrochemicals, including polymers, synthetic resins, and synthetic rubber.
6. The company is also a leader in the production of chemical fertilizers, methanol, acetyls, and other agrochemical products.
7. In addition to its chemical products, Mitsui Chemicals also has a significant presence in the healthcare industry. The company produces pharmaceuticals, medical devices, and materials for medical use.
8. Mitsui Chemicals places a strong emphasis on research and development, with over 2,000 researchers working in various fields.
9. The company is known for its innovative approach to sustainability and has been actively working to reduce its environmental impact and promote sustainable practices.
10. Mitsui Chemicals has received numerous awards and recognitions for its products, technologies, and sustainability initiatives. These include the Deming Prize for operational excellence and the CDP (Carbon Disclosure Project) Water Award for its water management efforts.
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