Regional Report

Canada / Mitsubishi Canada Limited

MC's Business - Toronto Office Fosters Complementary Mix of Trading and New Business

Located in the Financial District of Canada's largest city, Mitsubishi Canada Limited (MCL)'s Toronto Office is engaged in a diverse range of activities, from traditional businesses to new fields of trading and project development.
The office's most prominent projects involve development of renewable energy such as wind power and solar photovoltaic energy. We are also engaged in a variety of steel and power related projects, involving steel mill plant expansions, power stations and power transmission. We see opportunities in the area of Carbon Dioxide Capture and Storage (CCS)* and with the government incentive programs, such as the feed-in tariff.**
In addition, we are developing transatlantic businesses. For example, we import the friction material from Europe for automotive brake manufacturing and export nutritional supplements to European markets. Innovative nanotech materials from Japan for use in cosmetics also appear to hold great growth potential for the future.
The Metals Group has established a resource trading business base here. We handle copper and zinc concentrates, which are exported to Japan, and provide support to the Antamina Copper Mine project in Peru. In addition, we support resource development, including projects to develop sources of new and rare metals, which are vital for the electric car industry. We are also investing in Canadian companies conducting Iron ore exploration projects.
The Toronto Office serves as a regional hub for Security Trade Control (STC) operations by supporting training and implementation in the Americas and working to gather related information.

  • * Carbon Dioxide Capture and Storage is a technology involving the long-term isolation of carbon dioxide from the atmosphere whereby the carbon dioxide generated from large volume emission sources, such as power stations and natural gas mines, is separated from other gasses, collected and either stored in stratum or dissolved into the ocean.
  • ** The feed-in tariff system is a system whereby the government purchases mainly renewable energy over a long-term period at a fixed price. The use of such energies as solar photovoltaic energy and wind power are expected to expand because power companies are able to sell them at high prices compared with conventionally generated electricity.

From the Top - A Market That Generates New Value by Combining Nature, Resources and New Technologies


At the Iron Ore Company of Canada (IOC), one of North America's leading iron ore producers and business investment company of MC, in the province of Newfoundland and Labrador.
At the West McArthur Uranium Exploration Site in the province of Saskatchewan.

Mitsubishi Corporation (MC) established a liaison office in Vancouver in 1956 and MCL was established in 1965. There are currently 31 employees at MCL's head office in Vancouver and 12 employees at its Toronto Office. MCL's business is centered on the export of coking coal, thermal coal, potassium and chlorate and the import of a broad range of products, including power and steel plants, industrial salt, functional ingredients for food products, acrylic sheets, fuel cell separators, tires and plastic bags for retailers.
Business investment companies and other affiliates in Canada include Toyo Tire Canada, a tire distributor, Alpac Forest Products, a producer of wood pulp, Alpac Pulp Sales, a distributor of wood pulp, MC Tubular Products Canada, an importer and distributor of steel pipes, Metal One Canada/Nifast Canada, a distributor of steel products, and the Iron Ore Company of Canada, a mining manager and producer of iron ore. Six employees have been seconded to these business investment companies (three to Alpac-related operations, one to MC Iron Ore Sales and two to Metal One) and they support a wide-range of activities. Business departments at MCL also stay in close communication with their counterparts at Mitsubishi International Corporation (MIC), which is MCL's parent company.
New areas of business development include metal and energy resources and related infrastructure development, involving resources such as iron ore, uranium, coal and copper as well as LNG export terminals and other projects. In the area of new technology and environmental business, MCL is cultivating businesses related to wind power, Carbon Dioxide Capture and Storage (CCS), the i-MiEV (the new-generation electric vehicle from Mitsubishi Motors), biopellets, biofuel, fuel cells and rare earth collection. With regard to the i-MiEV, road tests began in Vancouver in November 2009 and MCL is promoting the development of quick charging facilities in the Vancouver area in association with Tokyo Electric Power Company (TEPCO) and BC Hydro. In the field of fuel cells, MCL is to supply more than a million separators a year in connection with a new program for fuel cell cars starting in 2012.
Canada brings together nature, resources and new technologies; it is a market that asks you to consider what can be done to create new value for the 21 century. Vancouver is now gearing up for the 2010 Winter Olympics, which will be held in February.

Column 1 - Olympics to Carry the Inukshuk Spirit


The Inukshuk, which inspired the logo for the Vancouver 2010 Winter Olympic Games

The famous landmark known as the Inukshuk that stands at Vancouver's English Bay greets tourists from around the world. It is a symbol of friendship and a welcoming spirit.
Vancouver will play host to the Winter Olympics and the Paralympics in February 2010. The aim of the Olympics is to meld sportsmanship, new friendship and culture, and the citizens of Vancouver, who are surrounded by both beautiful nature that is untouched and many cultural heritages are ideal ambassadors to carry the Olympic spirit. Formed by the absorption of diverse cultures, the nation of Canada will, in the spirit of the Inukshuk, endeavor to successfully hold the Olympics, a sports event that brings the world together as one. The people of Vancouver and Whistler are eagerly looking forward to hosting the Winter Olympics and the Paralympics in February 2010.

Column 2 - International Contribution through Education

International education is a life-changing experience that prepares students to become better global citizens. That is why at the end of 2006 MCL chose to celebrate its 50th anniversary by establishing the Mitsubishi Canada Limited Student Exchange Awards and Endowment Fund at Simon Fraser University (SFU), one of the top universities in Canada.
MCL has contributed C$60,000 over four years and since the Fund's inception, it has not only enabled the needed financial support for students but also continued to provide eight undergraduate student places for exchange programs in Japan. The success of this initiative also led to MC's establishment of the Mitsubishi International Scholarship at SFU in 2008, which aims to help students from developing countries pursue an enriching education in Canada.

Column 3 - Chinese Cuisine in Vancouver: It's Really That Good!



When people hear "Vancouver, British Columbia", they think about the 2010 Winter Olympics and the city's role as a gateway to East Asia. Roughly 2.2 million people live in the Greater Vancouver area and approximately 416,000 of these are Chinese Canadians. With more than 450 Chinese restaurants, Vancouver is regarded as the best place to eat Chinese food outside of China. "Chinese cuisine" encompasses many distinct styles: Cantonese cooking emphasizes fresh seafood while Shanghai cuisine focuses more on poultry and vegetable dishes, and Sichuan cuisine can make you sweat with its spicy ingredients. There are also many different ways to enjoy Chinese cooking, from Manchu Han Imperial feasts to dim sums, dumplings, hotpots, noodles and porridges, and all of these delectable cuisines can be savored right here in Vancouver!

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