Mitsubishi_Chemical_Holdings

Mitsubishi Chemical Group

Mitsubishi Chemical Group

Japanese chemicals company

Mitsubishi Chemical Group Corporation (三菱ケミカルグループ株式会社, Mitsubishi Kemikaru Guruupu Kabushiki-gaisha) is a Japanese company formed in October 2005 from the merger of Mitsubishi Chemical Corporation and Mitsubishi Pharma Corporation. The company is based in Tokyo and is one of the core Mitsubishi companies.

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History

On December 4, 2021, the company announced they would be leaving the commodity chemical businesses by the 2023 fiscal year. The petrochemical and coal-chemical units accounted for $4.8 billion a year in sales and they said the reason for divesting is Japan's shift toward carbon neutrality and poor growth potential.[3]

References

  1. [1]
    "Mitsubishi Chemical Holdings Corporation Condensed Consolidated Financial Information for the Year Ended March 31, 2010" (PDF). Mitsubishi Chemical Holdings. 13 May 2010. Retrieved 24 December 2010.
  2. [2]
    "Mitsubishi Chemical Holdings Corp. (Public, TYO:4188)". Google, Inc. Retrieved 24 December 2010.
  3. [3]
    Tullo, Alexander H. (2021-12-04). "Mitsubishi to exit petrochemical business". Chemical & Engineering News. Retrieved 2021-12-04.
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