October 27, 2022
MC and FEV Consulting Establish New Joint Venture for Materials Industry
Mitsubishi Corporation (MC) is pleased to announce the establishment on October 27, 2022 of a new joint venture company, Beyond Materials Corporation (Beyond Materials), a specialized strategy and engineering service provider that will support materials suppliers on their path to global and sustainable growth. Our partner on this joint venture is FEV Consulting GmbH (FEV Consulting).
The requirements on future product designs are becoming more sophisticated and diverse due to decarbonization and other societal demands. This has heightened interest in the functions and solutions that materials can provide, and necessitated even stronger relationships between suppliers and users of those materials, the automotive sector being a case in point. For over three years, MC and FEV Consulting have been conducting joint preliminary work to develop services targeting these industries, and our collaboration has confirmed that we share a similar dedication to addressing challenges faced by modern societies and helping them to be more sustainable.
FEV Consulting is the strategy consulting arm of FEV Group, a German engineering services provider with a global workforce of more than 7,000 employees. FEV Consulting provides unique advice to its customers by combining long experience in top management consulting with end-to-end technical expertise, including battery systems, car bodies and more, of the FEV Group.
Beyond Materials will provide the materials industries with tailor-made solutions. Its services will extend from market research, strategy development and implementation support, to product development and demonstrations. This will be achieved by combining MC’s global network and broad experience in the materials industries with FEV Consulting’s intelligence on broad applications and customer requirements, engineering and product know-how, and also taking advantage of digital technologies.
MC expects this new joint venture to build a bridge between those who use functional materials and those who make them, whether that be in chemicals, metals, or ceramics and other composites. We look forward to Beyond Materials contributing to sustainable growth in global materials markets and helping us to achieve our mission to build net-zero, circular economies.
〈Beyond Materials Corporation〉
Executive President: Tetsushi Abe
Executive Vice President: Johannes Houben
MC 50%, FEV Consulting 50%
2-3-1 Marunouchi, Chiyoda-ku, Tokyo
Market research, strategy development and implementation support, product development and demonstrations, digital solutions
〈Understanding and Strength of Beyond Materials Corporation〉
About FEV Consulting
Headquarters: Neuenhofstr. 181 52078 Aachen Germany
Main Operations: FEV Consulting, founded in 2011, combines many years of experience in top management consulting with the technical know-how of the FEV Group. Its deep industry knowledge enables the company to create pragmatic solutions to some of the most pressing and complex issues facing today’s enterprises. FEV Consulting advises its customers along the entire value chain with a focus centered around products and technologies. The company’s core services range from development of business and growth strategies, to technology concept studies, production planning, and cost optimization of products and processes. FEV Consulting currently has around 120 employees who are operating out of offices in seven different countries – Germany, Spain, France, USA, China, Japan, and UAE
Representative: Alexander Nase, Global Managing Director
Year of Establishment :2011
About FEV Group
Headquarters: Neuenhofstr. 181 52078 Aachen Germany
FEV has always pushed the limits.
FEV is an internationally recognized leader of innovation across different sectors and industries. Professor Franz Pischinger laid the foundations by combining his background in academia and engineering with a great vision for continual progress. The company has supplied solutions and strategy consulting to the world's largest automotive OEMs and has supported customers through the entire transportation and mobility ecosystem.
As the world continues to evolve, so does FEV.
That’s why FEV is unleashing its technological and strategic expertise into other areas. It applies its forward thinking to the energy sector. And its software and system know-how will enable the company to lead the way making intelligent solutions available to everyone. FEV brings together the brightest minds from different backgrounds and specialties to find new solutions for both current and future challenges.
But FEV won’t stop there.
Looking ahead, FEV continues to push the limits of innovation. With its highly qualified 7,000 employees at more than 40 locations globally, FEV imagines solutions that don’t just meet today’s needs but tomorrow’s. Ultimately, FEV keeps evolving – to a better, cleaner future built on sustainable mobility, energy and software that drives everything. For the companies’ partners, its people and the world. #FeelEVolution
Representative: Prof. Dr. Stefan Pischinger, President & CEO
Year of Establishment :1978
About Mitsubishi Corporation
Headquarters: 2-3-1 Marunouchi, Chiyoda-ku, Tokyo
Main Operations: MC engages in a wide range of businesses spanning multiple industries and overseen by its Industry DX Group and 10 Business Groups: Natural Gas, Industrial Materials, Petroleum & Chemicals, Mineral Resources, Industrial Infrastructure, Automotive & Mobility, Food Industry, Consumer Industry, Power Solution, and Urban Development.
Representative: President & CEO Katsuya Nakanishi
Year of Establishment :1954
Based on the Three Corporate Principles, which serve as MC’s core philosophy, MC has continued to grow together with society by contributing to the sustainable development of society through its business activities while pursuing value creation. MC’s revised “Materiality” was announced in Midterm Corporate Strategy 2024 as a set of crucial societal issues that MC will prioritize through its business activities, towards the strategy’s goal of continuous creation of MC Shared Value (MCSV). Guided by this Materiality, MC will continue to strengthen its efforts towards sustainable corporate growth. Out of the six material issues relating to “Realizing a Carbon Neutral Society and Striving to Enrich Society Both Materially and Spiritually”, this project’s activities particularly support “Contributing to Decarbonized Societies” “Promoting Stable, Sustainable Societies and Lifestyles” and “Utilizing Innovation to Address Societal Needs”.
Inquiry RecipientMitsubishi Corporation
Telephone:+81-3-3210-2171 / Facsimile:+81-3-5252-7705