TOKYO--(BUSINESS WIRE)--Mitsui Chemicals, Inc. (TOKYO:4183)(President & CEO: Tsutomu Tannowa) announced the establishment of Mitsui Chemicals, Inc. Korea Branch in Seoul, Korea on October 1st.
Targeting business expansion of the Group’s products, with a focus on functional polymeric materials, the new branch will serve as the marketing hub for the Functional Polymeric Materials’ expansion strategy in the Korean market. The establishment of this new base brings the Mitsui Chemicals Group’s Korean operations to six.
Outline |
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Name | Mitsui Chemicals, Inc. Korea Branch | |
Establishment | October 1, 2014 | |
Address | Yongsan Building 9th floor, 92 Kalwol-Dong, Yongsan-Ku, Seoul, Korea | |
Director | Hiroyuki Furukawa | |
Telephone | +82-2-702-3134 | |
Start of business | October 6, 2014 | |
Background
Mitsui Chemicals first established operations in
Korea in 1989 as Kumho Mitsui Chemicals. Over the next few decades, the
Group expanded its presence to include five bases in the country.
Korea
is an important market with world class automobile and
electrical/electronic manufacturers. The Mitsui Chemicals Group has a
good track record in providing functional polymeric material solutions
in these areas. The establishment of the Group’s sixth operational base
in Korea will bolster the ability to provide improved and more locally
rooted marketing, information collection, and customer service for
functional polymeric materials and expand the business in Korea.
In the future, this new branch will expand its marketing scope to all Group products and subsequently be raised to the status of a local subsidiary.
About Mitsui
Chemicals (Tokyo: 4183, ISIN: JP3888300005)
Mitsui
Chemicals’ roots can be traced back to 1912 when it began producing raw
material for chemical fertilizers from coal gas byproducts, the first
company in Japan to do so. This undertaking significantly contributed to
increasing agricultural productivity, a major social issue at the time.
Later, the company evolved its technology from coal chemicals to gas
chemicals, and in 1958 it built Japan’s first petrochemical complex and
so provided impetus to Japan’s industrial sector. Today, the company
boasts many world-class products with sales standing at 1.5 trillion yen
and with over 135 companies in 27 countries. Its business portfolio
includes environment-friendly materials for next-generation vehicles,
healthcare services to realize health and happiness in an ageing
society, packaging that ensures the reliability and safety of food
products, agrochemicals that contribute to increased production of food,
electronic materials, and environment-friendly materials for the energy
sector.
Mitsui Chemicals will continue to contribute to solving
social challenges with its state-of-the-art technology and by "Creating
New Customer Value through Innovation".
More information can
be found at http://www.mitsuichem.com/index.htm