NEWS&PRODUCTS
 
  Mitsubishi Chemical's pharmaceuticals business to merge with another drug firm  
Mitsubishi Heavy Industries joins hands with Nissan Motor in forklifts
Mitsubishi Cable Industries expands in Thailand
Nippon Mitsubishi Oil develops gas field in Malaysia
Mitsubishi Electric gets three-dimensional
Shin Caterpillar Mitsubishi goes global
Mitsubishi Corporation gets flowery
Merger Looms for Mitsubishi Chemical’s Pharmaceuticals Subsidiary
Mitsubishi Chemical is negotiating the merger of its pharmaceuticals arm, Mitsubishi-Tokyo Pharmaceuticals, with Osaka-based Welfide Corporation. Both companies already are prominent in Japan's pharmaceuticals industry. But size is increasingly important in the global pharmaceuticals industry amid escalating competition and the rising cost of creating new drugs. The merger would give Mitsubishi-Tokyo and Welfide sufficient scale to compete effectively at the leading edge of drug development in the global marketplace.
   Spokespersons for both companies emphasize that any integration would be a merger of equals. They note that Mitsubishi-Tokyo and Welfide have historically close ties. They also note that Welfide markets a circulatory drug manufactured by Mitsubishi-Tokyo. The affinity and cooperation between the companies bodes well for a smooth merger.
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Forklift Tie-UpTie-UpTie-Up
Mitsubishi Heavy Industries and Nissan Motor have agreed to strengthen their collective position in forklifts by working together. The two companies soon will begin joint development of engine-powered forklifts for handling loads of one to three tons in Japan. They also will supply products to each other to sell under each other's brands.
   "We hope to establish a leading position in the global market," says Masanori Hirose, a managing director at Mitsubishi Heavy Industries. Hirose cites the "leverage of this link-up" as a powerful contribution to both companies' competitiveness.
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  Mitsubishi Heavy Industries forklifts will become even more competitive through the tie-up with Nissan.
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Mitsubishi Electric Renders Your Volume
VolumePro[TM] Net is a new software package from Mitsubishi Electric for volume rendering. It transforms any desktop computer on a network into an interactive 3D workstation. Users can do work that formerly required specialized workstations. Physicians, for example, can consult with each other over a network by examining and manipulating the same three-dimensional image. Mitsubishi Electric also supplies graphics cards to provide hardware support for fast rendering on PC computers and UNIX workstations.
   Volume rendering is the representation, visualization, and manipulation of objects represented as sampled data in three or more dimensions. Conventional 3D graphics represent objects as surfaces and boundaries with polygons or triangles. Volume rendering produces visual images directly from volume data, which enables viewers to examine the internal structure of 3D data.
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  Want to look inside your head?
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Mitsubishi Cable Industries Expands in Thailand
A newly established Thai subsidiary of Mitsubishi Cable Industries has strengthened that company's position greatly in Southeast Asia. The new company, MCIT Co., Ltd., is in Sampratkarn and handles imports and exports of automotive components and other mechanical parts. It also coordinates Mitsubishi Cable Industries' activity throughout Southeast Asia. That activity includes manufacturing electrical connectors, molds, moldings, automotive electrical harnesses, and gaskets at four production companies in Thailand and Indonesia.
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  Here is the multinational team at MCIT, Mitsubishi Cable Industries' new Thai subsidiary.
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Nippon Mitsubishi Oil Has a Gas in Malaysia
Malaysian natural gas could make an increased contribution to meeting the world's energy needs, thanks to Nippon Mitsubishi Oil, Mitsubishi Corporation, and some friends. Nippon Mitsubishi Oil is the biggest partner in a consortium that is developing an offshore gas field in Malaysia's Sarawak Province. The partners hope to begin commercial production at the field in 2003. They will supply their gas to a liquefication project that exports liquefied natural gas (LNG) to Japan.
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Shrinking the CAT
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   Here's the brand-new mini excavator. Can you dig it?

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   Shin Caterpillar Mitsubishi manufactures its mini hydraulic excavators at its Sagami Plant, in a Tokyo suburb.
The CAT®brand appeared for the first time on an important product line this February. Shin Caterpillar Mitsubishi began supplying mini hydraulic excavators to Japanese customers under that brand.
   In Japan, Shin Caterpillar Mitsubishi formerly marketed mini excavators- less than six tons-under the Mitsubishi brand and larger excavators under Caterpillar's CAT brand. It now will begin selling its mini excavators under the CAT brand, too, starting with the model launched in February.
   Shin Caterpillar Mitsubishi's new mini excavator also is important for another reason. It features a so-called compact radius. The cab-and-engine unit, in other words, has a diameter smaller than the width and length of the crawler unit beneath. On conventional excavators, the back end of the cab-and-engine unit projects beyond the crawler unit. That makes the excavators less nimble in tight spaces. Shin Caterpillar Mitsubishi's compact radius excavators handle work that would be next to impossible with other kinds of equipment.
   "Most important," emphasizes Izuru Morita, who heads the mini excavator development program at Shin Caterpillar Mitsubishi, "is the quality of the excavators. These little units are a lot less expensive than our big machines. But we have equipped them with state-of-the-art features for maximizing safety, optimizing performance, and ensuring reliability."
Thinking Globally
Mini hydraulic excavators long were a Japanese curiosity, like bonsai gardening. Construction companies employed the little diggers in the tight spaces of Japan's cityscapes. Recently, demand for mini excavators has been surging in Europe and North America as users have recognized the economy and versatility of the smaller equipment.
   Shin Caterpillar Mitsubishi, a 50:50 joint venture between Caterpillar and Mitsubishi Heavy Industries, has developed and manufactured mini excavators since 1995. It has licensed mini excavator technology to a Caterpillar company for U.K. production since 1997 and also began exporting some models last year.
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Say It with Flowers
M itsubishi Corporation, better known for huge energy projects and leading-edge ventures in information technology, has begun retailing flowers. It launched a joint venture recently with two flower vendors in Japan to build a franchise network of flower shops. The joint venture also will deliver flowers sold by one of the partners through an ongoing Internet marketing operation.
   For Mitsubishi Corporation, this joint venture is part of a growing array of businesses in consumer goods. The big trading house will help with imports of flowers from Southeast Asia and other regions and also will furnish management expertise.
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  The partners plan to enlist 10 franchisees in their first year of business and 100 by March 2006.
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