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Establishment
of MITSUBISHI RAYON (SHANGHAI) CO.,LTD. |
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Mitsubishi Rayon Co., Ltd. has recently established
MITSUBISHI RAYON (SHANGHAI) CO.,LTD. to oversee corporate governance
and risk management at Mitsubishi Rayon Group (hereinafter referred
to as "MRC Group") affiliates operating in China. Functioning as a
sales arm of the Group, the new company will also be responsible for
enhancing the efficiency of product sales in the Chinese market. Under
the direction of the new company, we expect our Group affiliates in
China to make strict legal compliance a top management priority. |
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| Scope of Business |
| Oversee fund operations, financing, labor and legal issues at Group companies operating in China, and provide support services in the fields of R&D, technology and the import and sale of MRC Group products in the Chinese market as well as the export of Group products made in China. |
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| Note: Management companies (companies that principally engage in the management of other companies) were previously prohibited from conducting sales activities in China. Through revisions to the Provisions on the Establishment of Regional Headquarters by Multinational Corporations made in July 2008, it has become possible for such companies to undertake sales activities. |
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Company Overview:
Name: MITSUBISHI RAYON (SHANGHAI) CO.,LTD. |
Chairman & President: Koichi Kobayashi
Established: November 26, 2008 (Due to commence operation in March 2009)
Scope of business: Management company (Regional headquarters of a multinational corporation)
Paid-in capital: $3 million
Employees: 40
Total estimated sales in 2009: ¥15 billion |
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| Mitsubishi Rayon Group companies in China |
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| Huizhou MMA Co., Ltd.(Guangdong) |
Production and sales of MMA monomer |
| Suzhou Sanyouli Chemicals Co.,Ltd.(Jiangsu) |
Production and sales of BMA monomer |
| Jiangsu Xinling Chemical Co., Ltd. (Jiangsu) |
Production and sales of chemicals |
| Nantong Rayon Chemical Co.,Ltd. (Jiangsu) |
Production and sales of acrylic molding materials |
| Mitsubishi Rayon Polymer Nantong Co.,Ltd. (Jiangsu) |
Production and sales of acrylic sheets and acrylic coating materials |
| Diatec (Shanghai) Co.,Ltd.( Shanghai) |
Production and sales of acrylic indication panels |
| Suzhou MRC Opto-Device Co.,Ltd. (Jiangsu) |
Production and sales of optoelectronic components |
| Ningbo Rayon Acrylic Fibers Co.,Ltd.(Zhejiang) |
Production and sales of acrylic staple fibers |
| Dalian Rayon Environmental Equipment Co., Ltd.(Liaoning) |
Production and sales of hollow fiber membrane products |
| MRC Hong Kong Co. Ltd. (Liaoning) |
Sales and information services |
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| For further inquiries, please contact: |
| Public and Investor Relations Office |
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The contents shown herein are accurate as of the time of posting.
