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| 6/27/2008 |
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Mitsubishi Corporation Announces Partnership with CIMA Energy Ltd
Mitsubishi Corporation (MC) announced today that it has entered into an agreement
with oil and gas marketer CIMA Energy Ltd. (CIMA: Houston, Texas) whereby MC
will acquire a 34% partnership interest in the Texas company. The CIMA interest will be
purchased through MC’s wholly-owned subsidiaries in the US, Mitsubishi International
Corporation (MIC) and MC Global Gas Corporation. Read the full article here. |
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| 5/8/2008 |
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Red Diamond Capital and Century Park Sell Portfolio Company Hi-Tech Group to Parker Hannifin
Red Diamond Capital (RDC) and Century Park Capital Partners (CPC), private equity firms based in New York and Los Angeles, respectively, jointly announced the sale of HTR Holding Corp. and its subsidiaries (HTR) to Parker Hannifin Corporation (NYSE: PH), a global leader in motion and control technologies.
Read the full article here.
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| 5/7/2008 |
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Mitsubishi Corporation Announces Purchase of Shares in
Aladdin Capital Holdings LLC (U.S.) and Commitment to New FOF
Jointly Established with Aladdin
Mitsubishi Corporation (MC: Tokyo, Chiyoda ward; President and CEO, Yorihiko Kojima) and Mitsubishi International Corporation (MIC: New York; wholly-owned subsidiary of MC; President and CEO Ryoichi Ueda) have agreed to purchase 19.5% of Aladdin Capital Holdings LLC (Aladdin: Delaware, US; President
and CEO Amin Aladin). The shares will be acquired from partners, including Aladdin management. At the same time, MC and MIC will commit $300 million to a new fund of funds (FOF) which will be jointly established with Aladdin. The FOF will invest in funds managed by Aladdin. Read the full article here. |
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| 3/7/2008 |
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Red Diamond Capital Portfolio Company Completes Strategic Add-On Acquisition
Mitsubishi International Corporation affiliate Red Diamond Capital, a private equity investment firm based in New York, announces the acquisition of EBR Holdings Limited by its portfolio company InterFlex Holdings, Inc. InterFlex, headquartered in Wilkesboro, North Carolina, produces printed flexible packaging for the food industry from facilities in the United States, the United Kingdom and Brazil. Read the full article here. |
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| 1/24/2008 |
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Red Diamond Capital Acquires International Appliance Maker
Mitsubishi International Corporation affiliate Red Diamond Capital, a private equity investment firm based in New York, announces the acquisition of the W.C. Wood Group of Companies, an international manufacturer of chest and upright freezers and refrigerators, and dehumidifiers for the consumer and commercial markets. Read more here. |
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| 1/23/2008 |
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Mitsubishi International Corporation Receives Forest Stewardship Council Certification from the Rainforest Alliance
Mitsubishi International Corporation (MIC) earned Forest Stewardship Council Chain-of-Custody certification from the Rainforest Alliance's SmartWood program. This certification reflects a growing trend in the paper and printing industry of companies making more environmentally and socially responsible supply chain decisions and an important component of MC's effort to develop sustainable business around the world. Read more here. |
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| 1/7/2008 |
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Mitsubishi Corporation Designates Chief Sustainability Officer in North America
Mitsubishi International Corporation is pleased to announce that President and CEO, Mr. Ryoichi Ueda, has been designated Chief Sustainabilty Officer (CSO) for Mitsubishi Corporation's North American operations, effective as of January 1, 2008. This position is in addition to his role as Regional CEO for North America, and signals a rise in the importance of environmental and social considerations to management. Read more here. |
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| 12/1/2007 |
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Mitsubishi International Corporation's affiliate Triland USA Awarded Top 50 Brokers of 2007 Honor by Futures Magazine
Triland USA Inc, an affiliate of Mitsubishi International Corporation (MIC) and a full service Futures Commission Merchant (FCM) offering comprehensive execution and clearing services to institutional and commercial clients worldwide, has been listed at number 30 in the Top 50 Brokers of 2007 list in Futures magazine. In a list compiled of some well known brokerage firms such as Goldman Sachs & Co., UBS Securities LLC, JP Morgan Futures Inc, and Barclays Capital Inc, this is quite an honor for Triland USA and MC. Read more here. |
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| 11/27/2007 |
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Mitsubishi Corporation Foundation for the Americas
Approves Million Dollar Grant for Conservation in Argentina as well as Other Far-Reaching Environmental Grants
At its annual meeting on November 26, the Board of
Directors of the Mitsubishi Corporation Foundation for the Americas (MCFA), formerly the Mitsubishi International Corporation Foundation, approved nearly $700,000 in new grants, including a grant of $1,000,000, payable over four years, to the Wildlife Conservation Society; $300,000, payable over three years, to the Grupo Ecólogico Sierra Gorda in Querétaro, Mexico; $130,000, payable over three years, to the Wild Salmon Center; $20,000 to the People’s Environmental Center in New Orleans; and $6,000 to International Funders for Indigenous Peoples. Read more here. |
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| 11/27/2007 |
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Mitsubishi International Corporation Foundation
Changes Name to Mitsubishi Corporation Foundation for the Americas
The Mitsubishi International Corporation Foundation has
changed its name to the Mitsubishi Corporation Foundation for the Americas. The new name was
adopted to better reflect Mitsubishi Corporation’s consolidated management strategy and the fact
that all of the funding comes directly, or indirectly, from Mitsubishi Corporation, for environmental
causes throughout the Americas. Read more here. |
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| 09/04/2007 |
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Mitsubishi International Corporation Foundation
Sponsors Indigenous Women's Seminar About Climate Change In Colombia
The Mitsubishi International Corporation Foundation sponsored the Third International Seminar on Indigenous Women held on September 3, 4 and 5 in Bogota, Colombia. The three day seminar, organized by Colombia's Fundacion Natura together with Colombia’s National University and the United Nations, convened approximately 25 indigenous women from more than twelve countries in Latin America to discuss policies, programs and strategies about climate change control and mitigation - and particularly how climate change affects indigenous women, a voice that is rarely heard on the global stage. Read more here. |
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| 07/02/2007 |
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Mitsubishi International Corporation expands gold and silver business
Mitsubishi International Corporation (MIC) and European Gold Refineries Holdings SA (EGR) announced today that MIC has purchased a 6.55% interest in EGR and has an option to buy an additional 26.78% by the fifteenth of August 2007. To learn more please click here. |
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| 06/26/2007 |
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Mitsubishi International Food Ingredients Enters Agreement with Jones Soda
Mitsubishi Corporation (MC) and Mitsubishi International Food Ingredients, Inc. (MIFI) have entered into an agreement with Pharma Foods International Co., LTD., of Kyoto, Japan and Jones Soda Co., based in Seattle, Washington granting Jones Soda exclusive rights to use PHARMA GABA TM in North American beverage applications. To learn more please click here. |
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| 05/10/2007 |
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Mitsubishi Corporation reports another year of record profits
Mitsubishi Corporation, the parent company of Mitsubishi International Corporation, reported its fourth straight year of record profits for the fiscal year ended March, 2007. Profit rose 19% from FY2006 to 415.9 billion yen (US$3.54 billion) and operating profit increased 18% to 412.1 billion yen (US$3.50 billion). For a complete financial report for Mitsubishi Corporation, please click here. |
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| 03/13/2007 |
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MC Life Science Ventures, Inc. invests in pharmaceutical company, Tragara Pharmaceuticals, Inc.
Tragara Pharmaceuticals, Inc. is a pharmaceutical company focused on the clinical and commercial development of proprietary drugs for the treatment of cancer and inflammation-related diseases. |
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| 02/20/2007 |
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MC Life Science Ventures, Inc. invests in biotech company, Cara Therapeutics.
Cara Therapeutics, Inc. is an emerging biotechnology company focused on developing novel therapeutics to treat human diseases associated with pain and inflammation. |
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| 02/16/2007 |
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Mitsubishi International Corporation Foundation grant protects coastal wetlands in Mexico and leverages funds for critical restoration work.
A donation from the Mitsubishi International Corporation Foundation has enabled American Bird Conservancy and Pronatura Noroeste to secure the purchase of 865 acres of coastal wetlands to conserve key bird habitat in Bahia Santa Maria, Mexico. In addition, the grant leveraged substantial federal funding to restore necessary water flow to an additional 7410 acres of wetlands. more |
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| 02/16/2007 |
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Mitsubishi International Corporation supports the New York Botanical Garden's Chrysanthemum exhibition.
Mitsubishi International Corporation is a presenting sponsor of Kiku: The Art of the Japanese Chrysanthemum, the most elaborate flower and cultural exhibit ever presented by the New York Botanical Garden, scheduled to open October 20, 2007. more |
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| 12/04/2006 |
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Mitsubishi International Corporation and Pasona NA set up joint venture "Pasona MIC"
Mitsubishi International Corporation and Pasona NA, a wholly owned subisidiary of a full-line personnel company, Pasona Inc., established a joint venture that provides comprehensive outsouring services. more |
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| 11/06/2006 |
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Mitsubishi International Corporation Foundation Approves Innovative Environmental Grants in New York and Sao Paulo, Brazil
The Board of Directors of Mitsubishi International Corporation Foundation (MICF) approved over half a million dollars in new grants. more |
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| 08/14/2006 |
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Red Diamond Capital and MC Capital Inc. Acquire Avon Automotive
Mitsubishi International Corporation Affiliate Red Diamond Capital, a private equity investment firm based in New York, announced today its acquisition of Avon Automotive, an international manufacturer of engineered rubber components for the automotive industry. The total purchase price is £63 million (approximately $120 million), before working capital adjustments. more |
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| 06/15/2006 |
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Mitsubishi International Corporation employees volunteer in the Global Coral Reef Conservation Project in the Northwestern Hawaiian Islands
Several Mitsubishi International Corporation employees recently participated in a study on the consequences of climate change on coral reefs, and their implications for management of reefs. This research, which was developed in partnership with the
University of California, Santa Cruz and US Fish and Wildlife Service staff at Midway Atoll National Wildlife Refuge in the Northwestern Hawaiian Islands, is part of parent Mitsubishi Corporation's(MC) Global Coral Reef Conservation Project, which commenced in the summer of 2005 to commemorate MC's 50th anniversary. Similar research is being conducted in both Japan and the Republic of Seychelles. more |
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| 06/05/2006 |
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Mitsubishi International Corporation's parent, Mitsubishi Corporation, supports relief efforts in Indonesia
Mitsubishi Corporation has decided to contribute $100,000 in disaster relief aid in response to the devastating earthquake
that struck Central Java, Indonesia on May 27. We would also like to offer our condolences to the victims of this
terrible disaster and send our sincere wishes for a swift recovery. |
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| 04/28/2006 |
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Our parent Mitsubishi Corporation reports consolidated financial results for the year ended March 31, 2006 in accordance with GAAP
Mitsubishi Corporation, the parent company of Mitsubishi International Corporation, reported its third straight year of record profits.
Net profit rose 92% to $3.150 billion for the fiscal year ended March, 2006 and operating profit increased 91% to $3.148 billion.
In this fiscal year, Mitsubishi forecasts a 5.7% gain in net profit to $3.329 billion. For a complete financial report, please click here. |
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| 04/17/2006 |
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MC Foundation for the Americas partners with National Environmental Education & Training Foundation to support National Environmental Education Week
MC Foundation for the Americas is partnering with National Environmental Education & Training Foundation (NEETF) to support this year's National Environmental Education Week (April 16-22), which is a full week of educational preparation for Earth Day in K- 12 classrooms, university campuses and informal settings, such as nature centers, parks, zoos, aquariums. The MC Foundation for the Americas has contributed a total of $85,000 to NEETF to launch a website, classroomearth.org, which provides a wealth of information about various environmental education programs for K-12 classrooms, after school, and home. To encourage environmental education, the MC Foundation for the Americas also hosts Environmental Breakfasts several times a year to provide a venue for environmental organizations and grantmakers to network and learn about current issues. |
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| 03/30/2006 |
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Mitsubishi International Corporation Affiliate Red Diamond's Viapack Acquires Second Plastic Film Business
Viapack Inc., a portfolio company of Mitsubishi International Corporation affiliate Red Diamond Capital, manufactures monolayer and co-extruded polyethlyene film. Recently, the company acquired Dalton, Georgia-based P&O Packaging, Ltd., which operates a 60,000 square foot facility and has grown
to become a leading producer of custom engineered co-extruded and monolayer
plastic films for industrial customers and packaging converters in the
Southeastern US. This acquisition increases Viapack's total annual
production capacity to more than 50 million pounds and provides Viapack with
a second production facility in a key growth market. Viapack is actively
searching for add-on acquisitions, including manufacturers of plastic films
and related products in the flexible packaging industry. More. |
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| 03/20/2006 |
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Ryoichi Ueda Appointed President & CEO of Mitsubishi International Corporation
Mitsubishi International Corporation(MIC) has announced that Ryoichi Ueda has been appointed President & CEO of the company, effective today. Mr. Ueda becomes the companyfs twentieth president since its incorporation in the U.S. in 1954. More. |
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| 03/02/2006 |
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Mitsubishi Corporation Fund for Europe and Africa Announces New Environmental Grants for 2006
Following the annual meeting of its trustees, the Mitsubishi Corporation Fund for Europe and Africa (MCFEA), a UK-registered charity, has announced its funding program for this year, supporting conservation, education and research relating to the environment, and poverty alleviation. The Fund will support several organizations, including WaterAid, The Society for Dolphin Conservation, Germany (GRD), Botanic Gardens Conservation International and the Earthwatch Institute, an organization supported by both Mitsubishi International Corporation and its parent Mitsubishi Corporation of Japan. The Fund's support of Earthwatch includes the ongoing participation of MC employees as volunteers on Earthwatch research projects. The Fund's support of GRD includes seed money for a research center in Croatia to prevent the extinction of dolphins in the Adriatic Sea. Mr. James Brumm, an Executive Vice President of Mitsubishi International Corporation, is a Trustee of the MC Fund for Europe and Africa. |
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| 03/01/2006 |
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Mitsubishi International Corporation Affiliate Red Diamond Capital Leads Equity Recapitalization of Flexible Packaging Converter
On December 21, 2005, Red Diamond Capital, a private equity fund affiliated with Mitsubishi International Corporation, completed the recapitalization of
The InterFlex Group, Inc. in partnership with the company's CEO, Stephen Doyle. InterFlex is a service-focused flexible packaging converter,
providing value-added printing, waxing and laminating services for food and consumer goods packaging on a just-in-time basis. |
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| 02/03/2006 |
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Fabric Treated with Repearl Fluorochemicals to be featured in the Thakoon women's ready-to-wear autumn/winter runway show in New York February 7, 2006
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| 01/12/2006 |
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MC Life Science Ventures, Inc. Invests in Specialty Pharmaceutical Company NeurogesX, Inc.
In December 2005, MC Life Science Ventures (MCLSV) announced that it joined a $20 million private equity financing for San Carlos, California-based NeurogesX, Inc., which focuses on developing and commercializing novel treatments for relieving neuropathic pain. Proceeds from this financing will help complete NeurogesX's current clinical program in the U.S., as well as support its European marketing application for Transacin™, its proprietary dermal patch for treating neuropathic pain. The company's initial products are focused on the treatment of chronic pain in the areas of postherpetic neuralgia (PHN), painful HIV-associated sensory neuropathy (HIV-AN) and painful diabetic neuropathy (PDN). It expects to file new drug applications with the U.S. Food and Drug Administration for PHN and HIV-AN in mid-2007. Including this latest round of financing, NeurogesX has raised approximately $85 million since June 2000. MCLSV was created to consolidate the life sciences-related investments of Mitsubishi International Corporation and its parent Mitsubishi Corporation of Japan. |
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| 11/28/2005 |
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MC Foundation for the Americas Approves New Grants for Environmental Conservation Groups Forest Trends, the Rainforest Alliance and the New York Botanical Garden
At the annual meeting of the Board of Directors of the Mitsubishi International Corporation Foundation, three new grants were approved. A commitment of $250,000 to Forest Trends will be used to promote the use of payments for ecosystem services in Latin America, thus providing economic incentives for conserving biodiversity while at the same time helping to reduce poverty. The Rainforest Alliance will receive a gift of $80,000 to fund a project that will develop and promote best practices for environmental sustainability for ecotourism operators in Ecuador, Belize, Costa Rica and Guatemala. To the New York Botanical Garden the Foundation will make a gift of $10,000 to help maintain the Mitsubishi Wild Wetlands Trail at the Garden, where visitors learn about the ecological significance of wetlands. In addition to these new grants, the Foundation is committed to several multi-year grants made prior to this year to the Wildlife Conservation Society, the American Bird Conservancy, the Earthwatch Institute and the Japanese American National Museum. Earlier this year, the Foundation also made a grant of $30,000 to help support the partnership of Trickle Up, a micro-enterprise development organization with a local organization in Sri Lanka working to assist small-scale entrepreneurs affected by last year's devastating tsunami. |
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| 11/01/2005 |
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Mitsubishi Corporation's Hurricane Katrina Relief Donation to go to Habitat for Humanity International
After announcing an initial contribution of $100,000 to the Hurricane Katrina relief effort, Mitsubishi Corporation (MC), together with its principal American subsidiary, Mitsubishi International Corporation (MIC), has increased this amount to more than $110,000, and has decided that the main recipient of this contribution will be Habitat for Humanity International. MC and MIC are contributing $73,000 to Operation Home Delivery, a home rebuilding effort along the U.S. Gulf Coast led by Habitat for Humanity International. Habitat for Humanity has a unique approach to eliminating poverty housing around the world, and in its operation to rebuild after Hurricane Katrina it is joined by jazz musicians such as Harry Connick Jr. and Branford Marsalis, to name a few. |
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| 11/01/2005 |
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Mitsubishi International Corporation's Principal Canadian Subsidiary to Represent Membrane Reactor Technologies in Japan
Mitsubishi Canada Limited (MCL) has signed an agreement with Membrane Reactor Technologies, a Canadian developer of hydrogen generation and purifications systems, to exclusively represent MRT in the Japanese market, and elsewhere in the world on a nonexclusive basis. MCL is assisting MRT in establishing collaborations with major Japanese firms and in securing funding in order to enable MRT to expand commercial opportunities for its technologies. MRT is currently testing a new family of products based upon its advanced hydrogen permeable membrane technology. In addition to its patented Fluid Bed Membrane Reactor technology, MRT has developed new ways to produce hydrogen and carbon dioxide from many renewable and sustainable feedstocks. Recognizing that Canadian companies are at the cutting edge in developing fuel cell and hydrogen power solutions, Mitsubishi Canada Limited is working with Mitsubishi International Corporation and with Mitsubishi Corporation in Japan to identify partners like MRT who are looking to expand their access to markets globally.
More |
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| 10/30/2005 |
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Mitsubishi International Corporation Foundation Funds Publication of Conservation Coalitions Manual by The Nature Conservancy
The Nature Conservancy, a leading international nonprofit organization dedicated to preserving the diversity of life on earth, has published a manual entitled Protected Area Conservation Coalitions: A Guide for Evaluation and Strengthening, which presents the learnings of a coalition project funded by the MC Foundation for the Americas from 1999 to 2002. The coalition project brought together a diverse group of stakeholders to develop conservation plans for five national park/reserves: the Madre Laguna Reserve in Mexico, the Bastimentos Island Marine National Park in Panama, the Canaima National Park of Venezuela and the Serra do Divisor National Park in Brazil. The manual, which is part of the Conservancyfs "Resources for Success Series", is a useful tool for stakeholder engagement relating to protected area conservation.
Guide in English
Guía en español |
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| 10/20/2005 |
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MC Foundation for the Americas Fall 2005 Environmental Breakfast Focuses on Environmental Justice
Speaking at this event will be Mr.Cecil D. Corbin-Mark, Director of Programs for West Harlem Environmental Action, Inc., a New York City-based nonprofit dedicated to building community power to fight environmental racism and improve environmental health, protection and policy in communities of color. The MC Foundation for the Americas breakfast series, held several times a year since 1993, provides an opportunity to network, learn about funding possibilities and exchange ideas about environmental issues at both the local and international level. This fall's event will be held in Harlem.
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| 10/14/2005 |
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Mitsubishi International Corporation's Japanese Parent Enters Shipping-Container Security Business through Transaction with GE Security
Mitsubishi Corporation (MC), Mitsubishi International Corporation's parent, announced that it has agreed to invest in GE CommerceGuard AB, an affiliate of GE Security based in Sweden. MC will also become the exclusive distributor in Japan for GE Security's CommerceGuard devices and the exclusive operator of the CommerceGuard system in Japan. MC and GE Security are discussing expansion of their relationship into other regions in Asia. The CommerceGuard system uses devices attached on the inside of the container doors at the point of origin, which are "armed" via encrypted transmission after door closing. The devices are equipped with sensors that detect the unauthorized opening of container doors, and radio technology that transmits alarms and other information, including the container's identification number and mechanical seal number, to hand-held and fixed readers. GE Security and MC will jointly fund the infrastructure needed to operate the CommerceGuard system globally, including readers at port and terminal locations. Mitsubishi International Corporation provided support for, and will continue to participate in, the CommerceGuard project, which is keyed to the Green Lane Initiative of U.S. Customs and Border Protection (CBP).
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| 09/20/2005 |
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Mitsubishi International Corporation Affiliate Alberta-Pacific Forest Industries Inc. Awarded Certification by Forest Stewardship Council
The SmartWood program of the Rainforest Alliance, an accredited certifier of the Forest Stewardship Council, has certified that the forest management practices of Alberta-Pacific Forest Industries Inc., a company in northeastern Alberta, are environmentally responsible, socially beneficial and economically viable. Alberta-Pacific's 13.6 million acre-forest thus becomes the largest Forest Stewardship Council-certified forest in the world, and the first in Alberta and within the boreal forest of western Canada. Alberta-Pacific, 70% owned by Mitsubishi International Corporation parent Mitsubishi Corporation of Japan and 30% by Oji Paper Co. Ltd., is a signatory to the Boreal Forest Conservation Framework and is a member of the Boreal Leadership Council. More |
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| 09/14/2005 |
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Mitsubishi International Corporation Parent Participates in the 2005 Carbon Disclosure Project
The Carbon Disclosure Project (CDP), a special project of Rockefeller Philanthropy Advisers that provides a secretariat for the world's largest institutional investor collaboration on the business implications of climate change, has released its 2005 report. As one of the world's 500 largest companies according to market capitalization, Mitsubishi Corporation (MC) of Japan, Mitsubishi International Corporation's parent, was asked to provide information for the CDP report, which details increasing awareness of the risks and opportunities of climate change. A global review of MC's business activities from the perspective of sustainable development is contained in the company's Sustainability Report 2005. MC joint venture Natsource Japan, for example, deals in greenhouse gas emissions credits and energy-related products, such as electricity, the Renewable Portfolio Standard (RPS) and weather derivatives, and provides environmental consulting. The Sustainability Report also details MC's corporate standards of conduct, its environmental charter and the framework it has developed for corporate governance and compliance. |
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| 09/02/2005 |
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Mitsubishi International Corporation and Parent Company Mitsubishi Corporation to Contribute $100,000 to Hurricane Katrina Relief Effort |
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| 08/30/2005 |
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Mitsubishi International Corporation Affiliate Red Diamond Capital Completes Acquisition of Two Branded Food Companies
Red Diamond Capital (RDC), a private equity fund affiliated with Mitsubishi International Corporation, announced on April 8, 2005 that it has formed a holding company, Milton's Fine Foods, Inc., and acquired the assets of Milton's Baking Company and MBR Foods, LLC., two affiliated branded food companies. Milton's Baking and MBR Foods are located in Del Mar, California and are leading formulators and marketers of branded food products sold under the Milton's label. Milton's Baking's line of premium sliced-bread products, including its flagship product, Milton's Healthy Multi-Grain Bread, are sold through retail, club and specialty stores throughout the U.S. Participating alongside RDC in forming Milton's Fine Foods, Inc. were the existing management of Milton's Baking Company and MBR Foods, as well as food industry veteran Ron Danenberg. Mr. Danenberg is also a partner in RDC's CEOwners® Program. More |
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| 07/01/2005 |
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Mitsubishi International Corporation and JAMCO Corporation Annouces the Awarding of Contracts by the Boeing Commercial Airplane Group
Mitsubishi International Corporation (MIC) has collaborated with JAMCO Corporation, Aircraft Interiors Company, the world leader in designing and manufacturing aircraft interior monuments, on a joint sales effort to the Boeing Commercial Airplane Group. Together they have announced that JAMCO Corporation has been awarded two key contracts by Boeing for its new 787 DreamLiner. The first contract is for passenger lavatory modules. The second is for flight deck commodities. In a relationship which goes back more than 30 years, this is not the first time MIC and JAMCO have partnered successfully to enhance the interiors and components of commercial aircraft. |
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| 06/30/2005 |
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Mitsubishi International Corporation and VISCAS Corporation, a joint venture of Fujikura Ltd. and The Furukawa Electric Company, Ltd., to Supply Electric and Gas Utility NSTAR with Pipe-type Cable
Mitsubishi International Corporation (MIC) and VISCAS jointly announced that they have signed a contract with NSTAR, Massachusetts' largest investor-owned electric and gas utility company, to supply approximately 500,000 feet of 345 kV high-pressure, fluid-filled (HPFF) high-voltage power cable to the utility. These new high-voltage cables will eventually span 18 miles from a switchyard in Stoughton near the Stoughton-Canton line, to the K Street substation in Boston. According to NSTAR, this project, as one of the largest cable contracts awarded in U.S. transmission history, will, once completed, add more than 800 megawatts of electricity to the Boston Metropolitan region, and will help ensure future electric service reliability for all of New England. The first phase of the project is expected to be completed by June 2006. MIC played a key role in negotiating the contract with NSTAR, and is a joint contracting party along with VISCAS. |
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| 06/17/2005 |
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Affiliate Sound Energy Solutions and ConocoPhillips Company Jointly Develop Liquified Natural Gas Terminal in Port of Long Beach in California
Mitsubishi International Corporation affiliate Sound Energy Solutions (SES), wholly owned by parent Mitsubishi Corporation, and ConocoPhillips Company, the third largest integrated energy company in the U.S., have entered into a Joint Development Agreement for a liquified natural gas (LNG)import terminal in the Port of Long Beach, California. The throughput of the proposed terminal will be five million tons of LNG per year, some of which will be used for clean-burning vehicle fuel for transportation markets in California. Mitsubishi International Corporation has worked closely with SES since its establishment in 2002, and expects to continue to support the company as it completes initial preparations for developing the new terminal. |
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| 06/08/2005 |
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Subsidiary MIC Business Solutions, Inc. (MIBS), Joins EPCglobal™, A Leading Developer of Industry-driven Standards for Electronic Product Code™ to Support Use of RFID
MIC Business Solutions, Inc., a wholly owned subsidiary of Mitsubishi International Corporation (MIC), has joined EPCglobal™ as a solution partner. EPCglobal Network™is a non-profit joint venture between GS1 and the Uniform Code Council® that develops and oversees standards for the EPCglobal Network™, and provides a global EPC™ number registry service for electronic product codes in the supply chain. MIBS was established in 2004 as a spin-off of MIC's information systems division. It provides information and telecommunications technology consulting, as well as system and network integration, focusing mainly on medium-sized Japanese corporations with a presence in the U.S. |
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| 06/08/2005 |
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MC Foundation for the Americas Summer 2005 Environmental Breakfast Focuses on Renewable Energy
The breakfast, the latest in a series of such events which the Foundation has sponsored several times a year since 1993, will be held on Wednesday, June 29, and will feature a presentation by Mr. Dan Reicher, President of New Energy Capital, a company that finances, owns and operates renewable energy and distributed generation projects. Formerly Assistant Secretary of Energy for Energy Efficiency and Renewable Energy at the U.S. Department of Energy and currently a co-chair of the advisory board of the American Council on Renewable Energy, Mr. Reicher will address "The Business Case for Renewable Energy: Technology, Policy and Finance". The breakfast will be held at the New York headquarters of Mitsubishi International Corporation. The MC Foundation for the Americas's breakfast series provides an opportunity to network, learn about funding possibilities and exchange ideas on environmental issues at both the local and international level. |
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| 06/04/2005 |
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Mitsubishi International Corporation (MIC)'s parent, Mitsubishi Corporation, the MC Foundation for the Americas and affiliate Sound Energy Solutions sponsor the Renewable Energy Leadership Summit
Mitsubishi International Corporation (MIC)'s parent Mitsubishi Corporation, the MC Foundation for the Americas and affiliate Sound Energy Solutions are sponsoring the Renewable Energy Leadership Summit: The Latest on Efficiency, Pollution Control & Climate Change -- Policy, Technology and Financing -- at United Nations World
Environment Day 2005. The venue for this year's celebrations is San Francisco, California, where mayors from around the world will meet to pay tribute to green cities and help plan for a sustainable future, a first step towards which will be the signing of the San Francisco Urban Environmental Accords. Mitsubishi Corporation is committed to a vision of sustainability for its operations and the physical and social world these operations impact. Included in its commitment are the activities of MIC, whose Foundation is dedicated to helping educate the public in ecology and the importance of the environment, and Sound Energy Solutions, which has announced plans to build a terminal in Long Beach, California, to import clean-burning liquified natural gas. For more about the Renewable Energy Leadership Summit, visit www.wed2005.org. To learn more about MIC's commitment to a sustainable environment, please visit our Corporate Social Responsibility page. |
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| 05/01/2005 |
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Life-science products ingredients handled by Chemicals Affiliate Transferred to Food Ingredients Affiliate
The life-science products ingredients handled by Mitsubishi International Corporation (MIC) affiliate MIC Specialty Chemicals was transferred to another of MIC's affiliates, Mitsubishi International Food Ingredients, Inc. (MIF), effective May 1. While MIC Specialty Chemicals was established in 2002 to source both fine and specialty chemicals for customers in the Americas, MIF was created in September of last year, when parent Mitsubishi Corporation purchased the ingestibles business of Ashland Inc., a Fortune 500 transportation, construction, chemical and petroleum company. The purchase of this piece of Ashlandfs business added resources to Mitsubishi's food ingredients business, already nearly at $500 million in sales worldwide in 2004. MIF markets more than 3,000 life-science product ingredients. |
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| 04/11/2005 |
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Mitsubishi International Corporation Affiliate Red Diamond Capital and Century Park Capital Partners Acquire Leading Medical Plastic Molder
Red Diamond Capital, a private equity fund affiliated with Mitsubishi International Corporation, and Century Park Capital Partners, a Los Angeles-based private equity firm, have announced that their portfolio company Hi-Tech Rubber, Inc., has acquired Inland Technologies, Inc. Based in Fontana, California, Inland supplies injection-molded plastic components and assembly services to the medical sector. In joining Inland with Hi-Tech, which makes custom-molded rubber components, the two companies' customers can be provided with an integrated engineering solution for plastic and rubber assemblies. More. |
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| 03/07/2005 |
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Mitsubishi International Corporation Affiliate Red Diamond Capital Acquires Leading Manufacturer of Formulations for Nutritional Supplements
Red Diamond Capital (RDC), a private equity fund affiliated with Mitsubishi International Corporation, announced that it has recently acquired Missoula, Montana-based Nutritional Laboratories International, Inc. (NLI). NLI develops, manufactures and packages custom vitamin and mineral foundations, botanical products and weight-loss and other functional formula supplements for recognized leaders in the nutritional supplement industry. Participating alongside RDC in the acquisition was NLI management and Ron Danenberg, a food industry veteran and a partner in RDC's CEOwners® Program. More. |
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| 01/18/2005 |
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Terminal Use Agreement with Freeport LNG Development, L.P. Paves Way for Mitsubishi Corporation to Market LNG in U.S.
Mitsubishi International Corporation (MIC) partnered closely with parent Mitsubishi Corporation (MC) in negotiating a 17-year agreement with Freeport LNG Development L.P. to receive, store and deliver approximately 150 million cubic feet per day (mmcfd) of liquified natural gas (LNG) at Freeport's terminal in Quintana, Texas. Starting in January 2009, MC plans to sell regasified LNG to customers in the U.S., particularly in Texas, through MC Global Gas Corporation, a wholly owned subsidiary of MC established in late 2004. MIC, which supported Mitsubishi Corporation in putting together this long-term deal, will act on MC Global Gas Corporation's behalf in marketing LNG in the U.S. To learn more about MIC's activities in the energy industry, please fill out our inquiry form. |
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| 01/11/2005 |
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Japanese Chamber of Commerce & Industry of New York, Inc., New Year's Panel Discussion
Mr. Motoatsu Sakurai, President & CEO of Mitsubishi International Corporation, participated, together with Professor Gerald Curtis of Columbia University; Tadao Uchida, former senior correspondent for TV Asahi; and Masatsugu Nagato, Managing Executive Officer and Head of the Americas for Mizuho Corporate Bank, in a panel discussion at the Chamber, of which he is also President. Panelists considered global prospects during the second Bush administration, as well as more specific predictions concerning the U.S.-Japan relationship. Moderating this new year's event was Seiichi Miyake, Editor-in-Chief of the Nippon Keizai Shimbun, Japan's leading financial newspaper. |
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