News & Products
 
  Nikon sponsors contest to promote creativity in photomicrography  
Mitsubishi Gas Chemical expands presence in specialty nylon
And reinforces nylon business through joint R&D with U.S. partner
H-IIA rocket, powered by liquid-fuel engines from Mitsubishi Heavy Industries, is showing commercial promise
Mitsubishi Construction gets new name
Mitsubishi Corporation builds steel houses in China
And sets up buyout fund in United States
Mitsubishi Plastics makes IC cards better
Kirin milks cows for polyclonal antibodies
Mitsubishi Corporation chairman spearheads initiative to promote foreign direct investment in Japan


Nikon Thinks Small
Nikon Instruments Inc., which markets microscopes and measuring instruments in the Americas, recently announced the winners in its 2002 Small World contest. The company, based in Melville, New York, has sponsored the contest annually for 28 years to promote and recognize creativity and excellence in the field of photomicrography.
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  The first-prize winner in the 2002 Small World contest was Dr. Thomas J. Deerinck, of the National Center for Microscopy & Imaging Research at the University of California, San Diego. His winning photograph is a 40x view of a section of rat cerebellum.
A panel of five judges from universities and a science magazine chose 20 winners. Winning entries earn prizes and appear in a travelling exhibition and also in a calendar distributed by Nikon Instruments. Learn more about the Small World contest and see winning entries from previous years on the World Wide Web at www.microscopyu.com
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Putting Your Food in Nylons
Mitsubishi Gas Chemical, a leading manufacturer of specialty chemicals, will begin producing Nylon-MXD6 in the United States in spring 2004. The company is building a plant in Richmond, Virginia, that will have an initial production capacity of 10,000 tons a year.
   Demand for Nylon-MXD6 is growing in the food packaging sector on account of the material's superior gas barrier characteristics. In simpler terms, Nylon-MXD6 performs better than rival materials in making food packaging more air-tight. It is especially useful in maintaining the freshness of food products in highly humid environments. Manufacturers use the material in bottles of polyethylene terephthalate (PET) and in the increasingly popular standing-pouch packaging.
   Nylon-MXD6 also is useful in automotive components and in other applications. Mitsubishi Gas Chemical has emphasized food packaging, however, in announcing its new plant. The company already has a Nylon-MXD6 plant in Niigata, Japan, which can produce 14,500 tons a year. The U.S. investment is a move to secure cost-competitive local production capacity in the world's biggest market for Nylon-MXD6.

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  Work continues afloat as Mitsubishi Heavy Industries crafts a luxury cruise ship that will impress with opulence, as well as size.
And a Nano Alliance

The expanding presence by Mitsubishi Gas Chemical in Nylon-MXD6 (see article above) includes a promising alliance with a U.S. venture business. Joining hands with Mitsubishi Gas Chemical is Arlington Heights, Illinois-based Nanocor Inc. The U.S. partner has developed technology for dispersing ultrasmall particles of clay in various materials. Nanocor's technology is applicable to Nylon-MXD6, which would further improve the already-impressive gas barrier characteristics of that material.
   A nanometer is one-billionth of a meter. Nanocor's clay particles are just a few nanometers in diameter; thus, the company name. Improving the performance of materials with nano-sized particles is an example of the possibilities emerging in nanotechnology.
   Mitsubishi Gas Chemical and Nanocor have been working together for more than a year in evaluating the physical properties of nanocomposite Nylon-MXD6 and in studying cost-competitive production technology for the material. Managements at the two companies like what they have found and have decided to go ahead with production and joint marketing.
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Three in a Row
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Photo courtesy of NASDA
The H-IIA rocket, for which Mitsubishi Heavy Industries is a system integrator and supplies the liquid-fuel engines and other crucial parts and systems, is showing commercial viability. Japan's National Space Development Agency (NASDA) launched an H-IIA successfully for the third time in row on September 10. It placed in orbit on schedule a Data Relay Test Satellite (DRTS) and an Unmanned Space Experiment Recovery System (USERS) spacecraft.
   For customers who want to put communications satellites and other payloads into orbit, reliability is a decisive criterion in choosing launch vehicles. Three successful launches have moved the H-IIA a first step toward establishing commercial credentials. Mitsubishi Heavy Industries continues working to position the rocket as a strong competitor in the global market for launch services.
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P.S.: We Build Things
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  P.S. Corporation built this bridge.
P.S. Mitsubishi Construction is the new name of Mitsubishi Construction, which merged with P.S. Corporation on October 1. P.S. Corporation started out in 1952 as P.S. Concrete. The P.S. in the name stands for prestressed and refers to a technique for applying stress to concrete after the material hardens. That minimizes cracking inside the concrete and helps ensure lasting strength in bridges, docks and other structures. P.S. Concrete was the first company in Japan to use prestressed concrete commercially.
   Several Mitsubishi companies invested in setting up the predecessor of Mitsubishi Construction in 1960. A construction boom was getting under way in Japan, and the new company gave the companies a foothold in the surging market for construction services.
   P.S. Corporation also had strong equity links with the Mitsubishi Companies. Its merger with Mitsubishi Construction focuses the founders' strengths in an enterprise of renewed competitiveness.
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Hardtops
Mitsubishi Corporation is teaming with Nippon Steel and Toyota to build and market steel houses in China. The threesome has entered a joint venture in Beijing with a Chinese manufacturer of building materials to conduct the business.
   China is moving to build 10 million homes a year nationwide under a five-year housing plan that runs to 2005. Brick construction has been a staple of Chinese residential construction, but a government ban spurred by environmental concerns is eliminating that option. Bricks entail smoky refractories and the diversion of farmland to clay pits. Wood construction on a massive scale would be devastating, of course, for China's remaining forests. Steel houses, increasingly popular in Japan, the United States and other nations, are emerging as the most environmentally feasible means of meeting Chinese demand.
   Mitsubishi Corporation and its Japanese partners hold a 25% stake in the new company, called BNBM (Beijing New Building Materials) Home Co., Ltd. They plan for the venture to build 1,500 homes in its first year and to be putting up 10,000 annually in five years.
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Finding Corporate Gems
In another recent move, Mitsubishi Corporation has established a $150 million corporate buyout fund in New York. The fund, Red Diamond Capital, will participate in management buyouts of medium-sized U.S. and Canadian companies in the manufacturing, distribution and service sectors.
   Corporate buyout funds provide equity capital to acquire companies in partnership with the companies' managements. They typically accompany their equity investments with debt funding to finance the acquisitions. Whereas venture capitalists ordinarily invest in startup companies, buyout funds invest primarily in established businesses that have profitable track records. Those companies present minimal risk in regard to technological and product development. The buyout funds aim to earn a return on their investments by increasing the sales and profits of the acquired businesses and selling their ownership stakes in the future at higher valuations.
   Heading Red Diamond is Bret Russell, a former managing director of Saratoga Partners, a New York-based corporate buyout fund. "I'm excited at the prospect of bringing together a powerful combination of capital, independence and access to the global resources of Mitsubishi Corporation," said Russell. "These advantages should make Red Diamond uniquely attractive to North American middle market businesses that are looking for a financial partner."
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IC Cards Get Better
Mitsubishi Plastics has teamed with Ricoh to create a new generation of IC cards. The partners have developed the world's first PET-film equipped with a black-luminous rewritable display function.
   The rewritable display surface on noncontact IC cards typically consists of PET film. Ordinary PET film, however, does not allow for embossing. So manufacturers have been unable to apply a rewritable surface across the entire faces of IC cards that require embossing. That includes credit cards, which need their raised letters and numbers for conventional reader devices. In addition, applying rewritable film to just a portion of a card entails a complex--and therefore expensive--manufacturing processes.
   A material called PET-G from Mitsubishi Plastics offers all the traditional advantages of PET film and also accommodates embossing. Leuco dye from Ricoh provides excellent readability on the rewritable display surface.
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Moo
Four calves under the care of Kirin Brewery are producing human polyclonal antibodies for use in medical research. Kirin developed the bovines in cooperation with Connecticut-based Hematech LLC. The U.S. scientific journal Nature Biotechnology has reported their achievement on its Web site.
   Kirin researchers used original technology to introduce genetic material from human antibodies into bovine cells and then used technology from Hematech to nurture the cells into four newborn calves. Some mother cows helped out by furnishing a suitable environment for the cells while they grew.
   The researchers have confirmed that the calves' blood serum contains human antibody proteins. Kirin and Hematech now are working to produce cows commercially that will provide reliable supplies of human antibodies for medical research and pharmaceutical manufacturing.
   The creation of the remarkable cows follows Kirin's success in creating the Transchromo Mouse. That little creature also produces human antibodies. And Kirin is using the Transchromo Mouse in promising joint research with the New Jersey-based company, Medarex, Inc. But cows produce even more antibodies: They're bigger.
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Going the Other Way
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  Mitsubishi Corporation chairman Minoru Makihara and Nissan CEO Carlos Ghosn at the inaugural meeting
Minoru Makihara, chairman of Mitsubishi Corporation, is spearheading an initiative for promoting foreign direct investment in Japan. Japan was a huge foreign investor in the late 1980s, and it received little inward investment. Now, Japanese are counting on investment from abroad to help revive their economy, which has been moribund for more than a decade.
   Makihara chairs a forum of 12 leaders from Japanese industry, academia and local government. Among the 12 are Nissan CEO Carlos Ghosn and Morgan Stanley Japan president Thierry Porte, along with the Japanese CEOs of Toshiba, ORIX and IBM Japan.
   The members held their inaugural meeting in September to identify policy priorities and gathered again in November to focus on those issues. They will meet in December to finalize a proposal to submit to the Japanese government. This blue-ribbon panel has aroused high expectations in Japan, and its proposals promise to stir debate.
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Flashes
Fleeting Risks
Mitsubishi Auto Credit-Lease has begun supplementing its portfolio of financing services with risk-management support. The company, a leading provider of vehicle financing for individuals and corporations in Japan, launched its new risk-management service in October.


Finding Places for Information
IT Frontier, a Mitsubishi company that specializes in information technology, is teaming with Mitsubishi Electric to provide information storage services. They kicked off their new venture in July, when they began providing service to Mitsubishi Corporation, the parent company of IT Frontier. A spokeswoman for Mitsubishi Corporation reports that the company stands to reduce its information storage costs 20% by outsourcing the work. IT Frontier owns and manages the data center. Mitsubishi Electric Information Systems furnishes technical support.


Swedish Nuclear Power
Mitsubishi Heavy Industries has received an order from the Swedish electric utility Ringhals AB for two replacement reactor vessel closure heads for nuclear reactors. It supplied a replacement reactor vessel closure head for another Ringhals reactor in 1996, and it will deliver the two heads under the new order in 2004 and 2005.


Distributed Energy Sources
Mitsubishi Research Institute continues to fuel the debate on important policy issues. It recently sponsored a large international symposium in Japan to explore ways of raising efficiency and reliability in energy grids through distributed sourcing.
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