Mitsubishi Chemical Group Corp - Company Profile
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Business Description
Mitsubishi Chemical Group Corp (MCGC), formerly, Mitsubishi Chemical Holdings Corp produces petrochemicals, carbon products, agrochemicals, pharmaceuticals, information and electronics-related products, plastic-based products, specialty chemicals, and synthetic or chemical fibers.
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R&D Overview
The company focuses its R&D on innovation and refinement of production technologies and development of new products based on the company’s strengths of molecular design, function creation, value-addition, and processing and device technologies. The company conducts R&D at the Mitsubishi Chemical Group Science and Technology Research Center, MCGC R&D Synergy Center, the KAITEKI Institute, New Products Development Center, Fundamentals Research & Development Center, and the Life Science Institute, among others. MCGC Group companies maintain independent R&D programs and collaborate with each other by sharing technology and market information, conducting joint research, and undertaking and outsourcing R&D. They also work with businesses outside the group to refine and develop technologies. The company emphasizes on four major points including, focus on end markets, leveraging new digital technologies, process efficiency and developing new business fields. In FY2023, it spent JPY149,467 million on R&D, which constituted 3.2% of its revenue.
Business Segments
Overview
Comprise methyl methacrylate (MMA), petrochemicals and carbon products sub business segments. The segment has product chain of MMA, acrylic resin (PMMA) produced from MMA, and acrylonitrile (AN) which produces the raw material of MMA. - Petrochemicals include basic petrochemicals such as olefins and aromatics; polyolefins such as polyethylene and polypropylene; and basic chemical derivatives such as ethylene derivatives like ethylene oxide and ethylene glycols; propylene derivatives like acrylic acid and octanol; C4 derivatives like 1,4-butanediol, GBL and NMP; and terephthalic acid. - Carbon products include coke and carbon black. - Key operating subsidiary is Mitsubishi Chemical Corp. In FY2023, the segment reported capital expenditure of JPY65,365 million which grew 6.6% YoY.
Performance
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Overview
Comprise ethical pharmaceuticals and life science sub business segments. It develops businesses for pharmaceuticals, diagnostic reagents and instruments, clinical testing, healthy support service, support for new pharmaceutical development, active pharmaceutical ingredients and intermediates, and pharmaceutical formulation materials such as capsules and pharmaceutical equipment. - Operates through Life Science Institute and Mitsubishi Tanabe Pharma Corp. In FY2023, the segment reported capital expenditure of JPY26,602 million which grew 51.8% YoY.
Performance
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Overview
Offers industrial gases such as oxygen, nitrogen and argon to steel, chemical, electronics, automobile, construction, shipbuilding and food industries. It also develops and manufactures gas applied device and equipment, hydrogen refueling stations, manufacturing air separation units, space-simulation chambers and liquid helium-related equipment. - Offers total solutions through the provision of small-scale nitrogen generators, MOCVD equipment, exhaust gas abatement systems. - Supplies synthetic air and gases for medical care used in medical facilities and oxygen supply equipment for home medical use. - Key operating subsidiary is Taiyo Nippon Sanso. In FY2023, the segment reported capital expenditure of JPY96,363 million which grew 29.4% YoY.
Performance
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Overview
Comprise functional products and performance chemicals sub business segments. - Functional Products sub-segment included businesses of information, electronics and displays, high performance films, environment and living solutions, and advanced moldings and composites - Performance Chemicals sub-segment includes businesses of advanced polymers, high performance chemicals, and new energy - Key operating subsidiary is Mitsubishi Chemical Corp - Product portfolios include specialty chemicals, functional food materials, inorganic materials, electronic and electrical components and products, molding and processed products, film and sheet products, and synthetic paper, carbon fiber, synthetic fiber, equipment, instruments and systems, materials and products for industrial use, construction materials, civil engineering materials, aqua-related materials and products leisure, sports and daily goods. In FY2023, the segment reported capital expenditure of JPY82,024 million which grew 19.5% YoY.
Performance
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Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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