The History of MC (Mitsubishi Corporation)
Business Management Phase
At that time in the World, in Japan…
A new era sparked even swifter progress in digitalization, which would fuel demand for digital transformations (DX) in industry. The spread of a new coronavirus in early 2020 triggered a global pandemic, the economic impacts of which were equally global and severe. Significant restrictions were placed on the movement of both goods and people, which caused not only a massive downturn in the global economy, but also increasing moves to digitalize operations and industries. New working styles and ways of life would be established during this period, and the push to decarbonize would pick up momentum throughout the international community. More countries and businesses began introducing renewables, and next-generation energy sources also entered the spotlight.
Business Management Phase
| 2024 | Mitsubishi Corporation, KDDI Corporation, and Lawson, Inc. sign Capital Business Partnership Agreement |
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| 2024 | MC establishes ALTNA Co., Ltd. to develop new businesses associated with growth in EV market |
| 2023 | MC establishes Eneco Diamon Hydrogen B.V. to grow green-hydrogen market in Europe |
| 2022 | MC Invests in climate-tech through Breakthrough Energy Catalyst |
| 2022 | Quellaveco Copper Project in Peru commences production |
Quellaveco copper mine in Peru
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| 2021 | MC establishes new joint venture Industry One, Inc. |
| 2020 | Dutch Energy Supply Company “Eneco” becomes a subsidiary |
Offshore Wind Farm Project by N.V. Eneco
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Quellaveco copper mine in Peru
Offshore Wind Farm Project by N.V. Eneco
Business Investment Phase（Business Model Transformation Phase）
At that time in the World, in Japan…
In Japan, the start of the 21st century was marked by an IT revolution, during which use of the Internet and social networking systems spread rapidly, smartphones arrived on the scene and more progress was made in digitalization, all of which would greatly reshape Japanese society. Meanwhile, swift development was taking place in newly emerging economies like China and India, driving up demand for energy, mineral resources and other commodities. It was not all good news, however, as the 2008 collapse of the major American investment bank Lehman Brothers would trigger a global financial crisis. In 2015, the Paris Agreement on an international climate framework was adopted at COP21, accelerating global efforts to slow and mitigate the impacts of climate change.
Business Investment Phase（Business Model Transformation Phase）
| 2015 | MC gets involved in real estate developments in Indonesia's BSD area |
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Real estate developments in Indonesia's BSD area
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| 2014 | Cermaq ASA becomes a subsidiary |
Cermaq Group AS's salmon and trout farming business
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| 2010 | MC invests in Canadian shale gas |
| 2003 | MC launches Metal One Corporation, an integrated steel trading company |
| 2001 | MC establishes BHP Billiton Mitsubishi Alliance (BMA), a joint venture with global mining giant BHP Billiton |
| 2000 | MC signs capital and business alliance agreement with Lawson, Inc. |
Real estate developments in Indonesia's BSD area
Cermaq Group AS's salmon and trout farming business
Trading Evolution Phase
At that time in the World, in Japan…
Japan's asset-price bubble would finally collapse in early 1991, from which point the country's economy began to stagnate. Elsewhere around the world, things were looking better. With the Cold War having ended in 1989, the world economy was now swiftly globalizing. A surge in investments by multinational enterprises and other interests drove growth in world trade, which in turn stimulated growth in the world economy. This was particularly noticeable in Asia, where the automotive, electronics and other manufacturing sectors were a boon to economic development. In addition to spawning a worldwide spread of the Internet, this period triggered a number of other tech-based innovations, including civilian use of satellites and other military technologies.
Trading Evolution Phase
| 1999 | MC establishes Diamond Generating Corporation in the US |
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| 1993 | MC signs joint-venture agreement for Oman LNG Project |
| 1992 | MC establishes Metanol de Oriente, METOR, S.A. (METOR), a methanol manufacturing and sales company in Venezuela |
METANOL DE ORIENTE, METOR, S.A., a metanol manufaccturing and sales company
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| 1988 | MC commences project to develop Escondida copper mine in Chile |
Escondida copper mine in Chile
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| 1985 | MC joins North West Shelf Project in Australia |
| 1981 | MC signs SPDC Ltd. joint venture contract |
METANOL DE ORIENTE, METOR, S.A., a metanol manufaccturing and sales company
Escondida copper mine in Chile
Trading Phase
At that time in the World, in Japan…
Japan enjoyed a period of rapid economic growth that began in the late 1950s and continued throughout the 1960s, and it was during that period that the country began importing LNG. Quality of life improved, and the material affluence that Japan has since grown accustomed to began taking shape. Societies the world over grew increasingly active politically, speaking out against racism and demanding their rights and freedoms, while at the same time, tremendous advances were made in science and technology, best evidenced by the moon landings in the late 60s and early 70s. However, problems in the Middle East triggered the 1970s oil shocks, and the world economy would suffer for most of that decade.
Trading Phase
| 1974 | MC establishes automobile importer and distributor Tri Petch Isuzu Sales Co., Ltd. (TIS) |
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Automobile importer and distributor, Tri Petch Isuzu Sales Co., Ltd.
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| 1974 | MC signs construction contracts for international airport in Mombasa, Kenya |
| 1969 | MC establishes Brunei LNG |
Brunei LNG Sdn. Bhd.
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| 1957 | MC becomes Japan’s first trading company to take part in the wholesale of petroleum |
| 1954 | New MC founded (historic re-merger) |
Automobile importer and distributor, Tri Petch Isuzu Sales Co., Ltd.
Brunei LNG Sdn. Bhd.