Mitsubishi Monitor October & November 2009
Global Spotlight from Toronto Toronto Ranks as the World’s Fourth Best City from Singapore Lucite joins Mitsubishi Rayon group
Global Spotlight focuses on employees from the Mitsubishi Group, who are excelling in their respective fields around the world. In each issue we will get to know different employees, who will tell us about their hometowns, businesses, culture, and past-times.
from Toronto Toronto Ranks as the World’s Fourth Best City Bank of Tokyo-Mitsubishi UFJ (Canada) Burt Sanghvi VP and Corporate Secretary
Local Area
Toronto, located on the north shore of Lake Ontario, is the largest city in Canada and home to a diverse population of more than 2.6 million people. It is the economic engine of Canada and one of the greenest and most creative cities in North America. It is the capital of the Province of Ontario and home to the world's tallest structure at one time (CN Tower at 553.33 m) and the world's longest street (Yonge Street at 1,896 km). People have lived here since shortly after the last ice age, although the urban community only dates to 1793 when British colonial officials founded the 'Town of York'. That village grew to become the 'City of Toronto' in 1834, and has emerged as one of the most livable and multicultural urban places in the world today. Toronto celebrated its 175th anniversary on March 6, 2009.
Spending Time in Toronto
      There are a number of attractions in and around Toronto. Toronto's Waterfront, one of North America's largest recreational waterfronts, provides a scenic backdrop for many popular and entertaining attractions such as Rogers Centre famous for its retractable roof and venue for sports and entertainment events. CN Tower recently nominated one of the Seven Wonders of the Modern World promises to be a fascinating experience.
Eaton Centre is the number one tourist attraction in Toronto. Modelled after the Galleria in Milan, Italy, the Eaton Centre was among the first major downtown shopping centres constructed in North America. PATH, downtown Toronto’s underground walkway, is the largest shopping complex with 27 km of shopping arcades and provides pedestrians with a safe haven from the winter cold and snow and summer heat. The world famous Niagara Falls is only a short drive from Toronto and is a must for every visitor to Toronto.
Bank of Tokyo-Mitsubishi UFJ (Canada)
      Bank of Tokyo-Mitsubishi UFJ (Canada) (hereafter BTMUC) is the oldest Japanese bank in Canada and traces its roots back to 1954 when the Bank of Tokyo opened a representative office. Since then the present bank has evolved as a significant presence in the Canadian banking industry. With offices in Toronto, Vancouver and Montreal, BTMUC offers a broad range of commercial banking services to major corporations in Canada. BTMUC has been quite active in the Canadian syndication market and bilateral relationship providing financing to the Canadian and Japanese customers. I have been with BTMUC for two decades and 2009 has been a milestone for me as I will be celebrating 20 years with the bank. In my role as a Corporate Secretary and supporting the Senior Management on operation and administrative matters, I am involved in a number of areas which makes my job challenging and interesting. BTMUC has multicultural staff from various cultures working together as a family.
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from Singapore Lucite joins Mitsubishi Rayon group Lucite International Singapore Pte Ltd Nick Cordingley General Manager
Mitsubishi Rayon Co., Ltd.( hereafter “MRC”) completed the acquisition of Lucite International Group Limited (hereafter “Lucite”) in May this year. One of the assets that it acquired was Lucite’s first Alpha plant, located on Jurong Island in Singapore. Alpha is the first completely new route to methyl methacrylate (MMA), the building block of the acrylic industry, since MRC developed the C4 technology over 30 years ago. The new process has the potential to realise cost savings of more than 40% compared to traditional processes, and is set to revolutionise the acrylic sector.
      Construction began in 2006 (although the technology has been in development since the 1990s) and the 120,000 tonnes/year plant was successfully commissioned on schedule in November 2008. I have been the General Manager of Lucite’s operation in Singapore since 2005 and have worked for Lucite for more than 20
years, having joined them from university where I studied electronic engineering. I have held a number of different commercial and manufacturing roles for Lucite in the UK and Holland, but working with a multi-functional, culturally diverse team from Lucite and Foster Wheeler* on the construction of Alpha in Singapore has definitely been the highlight so far. (*Foster Wheeler was the engineering contractor on the project)
The Lion City
      The cluster of small islands at the Southern tip of the Malay Peninsular has been known as Singapore since the end of the fourteenth century. The name is derived from Singapura which means “lion city” in Malay. Legend has it that the ruler of a neighbouring city, while sheltering from a storm, saw an animal that appeared to be a lion and declared that the island’s new name should be Singapura. Singapore has taken full advantage of its location on key trading routes to establish itself as one of the world’s busiest ports and attract a high level of foreign investment to develop world-scale industry clusters in electronics, pharmaceuticals, and petrochemicals.
Spending Time in Singapore
      Despite its small size, there are many things to see, do and experience in Singapore. Even Singaporeans who have lived most of their lives in their home country constantly discover new activities and places to visit. The islands have also become a major tourist destination, attracting many visitors who come to enjoy shopping in Orchard Road, eating out in an ever-increasing number of fine restaurants, enjoying the beach hotels and attractions at Sentosa Island, visiting the Singapore Zoo and Night Safari or playing golf on
one of the many excellent courses. The Formula 1 Grand Prix circus will be back again in September for the only night race on the F1 calendar, held under floodlights around the city centre.
      However if you are looking for something a little quieter, then you may want to visit the Singapore River Festival which takes place for 10 days each June as it comes alive with its exciting line-up of performances that include a dazzling bumboat parade, a romantic dance musical and magnificent aerial performances. It is an extravagant celebration of water, heritage and entertainment.
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