Mitsubishi Public Affairs Committee

Mitsubishi Monitor introduces some of the latest news about Mitsubishi companies as they play an active role on the world stage.

There has been a large increase in the production of thin film transistor LCD panels in China in recent years and this has resulted in a sharp rise in glass substrate demand. AGC Asahi Glass has decided to build a furnace to produce 11th-generation TFT-LCD glass substrates at its subsidiary AGC Display Glass (Huizhou) Co., Ltd. in the Huizhou Zhongkai High-Tech Industrial Development Zone, Guangdong Province, China. This decision to relocate a cutting-edge glass substrate production facility from within the AGC Group will significantly reduce the need for capital investment while maintaining the group's total production capacity.

Nikon Cell innovation has entered an agreement with US company Athersys, Inc. for the commercialization in Japan of MultiStem®, a stem cell product for the treatment of ischemic stroke. MultiStem may extend the ischemic stroke treatment window from the current 4.5 hours, with existing standard care, out to 36 hours, and may also meaningfully enhance patient recovery after such an attack.

*MultiStem® is a registered trademark or trade name of Athersys, Inc. in the US and other countries.

Tokio Marine & Nichido Fire Insurance in November 2017 introduced a system that allows real-time streaming of HD video content from remote locations to enhance the capabilities of its overseas insurance claim investigations. In the event of a major accident or disaster outside Japan, this will allow the company to pay claims more quickly and thereby help to restore operations at an earlier date.

Rockefeller Group International, Inc. has agreed to form a joint venture to co-develop Boro Tower, a 20-story, 437,000-square-foot office building at The Boro in Tysons, Virginia, a close-in suburb of Washington, DC. This will be the Mitsubishi Estate groupfs first office building development project in the area.

The Kirigamine domestic air conditioner made by Mitsubishi Electric has been officially recognized as the gLongest running cross-flow-fan air conditioner brandh by Guinness World Records Ltd. after it set a new record of 49 years and 258 days on June 27, 2017. Mitsubishi Electric helped to boost the popularity of domestic air conditioners when it made them slimmer by using the worldfs first cross-flow fan in the Kirigamine in 1967.

Mitsubishi Materialfs central smelter, Naoshima Smelter and Refinery, as well as the core research base, Central Research Institute, both celebrated their centennials in 2017. Naoshima Smelter and Refineryfs commercial production uses the patented gMitsubishi Processh technology; it is proud to be the number one producer of gold in Japan and to employ the best E-Scrap processing capabilities in the world. The Central Research Institute was established in 1917 as a private research institution, a rarity in Japan at the time, and is still, after a century, recognized as one of Japanfs leading research institutions.

The Central Research Institute founded in Shinagawa in 1917

President Aikyo fires up a new reverberatory furnace at the Second Smelter in 1969

The Dow Jones Sustainability Indices (DJSI), a family of stock price indices for environmental, social and governance (ESG) investment, is made up of eight different benchmarks including DJSI World, which covers developed and emerging nations, and DJSI Asia Pacific, which covers nations in the Asia/Pacific region. In 2017, the following Japanese companies were selected for inclusion in the DJSI family: Mitsubishi Chemical Holdings (first inclusion in DJSI World and DJSI Asia Pacific), Tokio Marine Holdings (DJSI World), NYK, Mitsubishi Heavy Industries, and Mitsubishi UFJ Financial Group (MUFG) (all in DJSI Asia Pacific).

Gas4Sea - a commercial brand jointly launched by Engie, Mitsubishi Corporation, and NYK to supply LNG marine fuel - has been selected by Norwegian multinational energy group Statoil as its LNG supplier in the port of Rotterdam. Gas4Sea is due to start supplying four Statoil shuttle tankers to be operated with LNG fuel in early 2020.