 |
|
|
 |
|
|
|
|
| December 18, 2006 |
|
| Launch of Operations of a Sales Subsidiary in China |
|
| Mitsubishi Chemical Corporation |
|
Mitsubishi Chemical Corporation (“MCC”) (Head office: Minato-ku, Tokyo; President: Ryuichi Tomizawa) has announced that a sales subsidiary for marketing the MCC Group products and procuring materials in China launches operations as of January 3, 2007.
MCC established a subsidiary in Hong Kong: current Mitsubishi Chemical Hong Kong Limited in 1972, and then its local offices were established in Shanghai and Guangzhou. These offices have supported sales activities in the MCC Group.
In recent years, the Chinese market has expanded and developed, and regulations on the Chinese market entry of foreign capital companies have been reduced. In the circumstances, MCC conducted necessary studies and decided to establish a sales base of the MCC Group products for strategic reasons.
MCC will develop wide-ranging businesses in the Chinese market by employing the sales subsidiary as a sales base in China. The sales subsidiary will deal with not only sales activities of the MCC Group products, but also environmental business such as licensing of resource-saving and energy-saving technologies in the future.
Profile of the sales subsidiary is the following:
| |
1. Company name: |
Mitsubishi Chemical China Commerce Limited |
| |
2. Location: |
Shanghai, China |
| |
3. Establishment: |
September 25, 2006 |
| |
4. Launch of operations: |
January 3, 2007 |
| |
5. Line of Business: |
Wholesale, Commission's proxy (Organic and inorganic chemicals, Chemical processing equipment), Import and export of products and related technologies, Technical services, Technical support services, and Others |
| |
6. Capital: |
US$6.25 million |
| |
7. Investor: |
Mitsubishi Chemical Corporation (100%) |
| |
8. Representative: |
Chairman, Takeo Naito |
| |
9. Employees: |
Approximately 30 |
| For further information, please contact: |
Public Relations and Investor Relations Department
Mitsubishi Chemical Corporation |
| Tel: [+81]-(0)3-6414-3730 |
|
|
|
 |
|
|
|
