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Gate 3 Medium-term Management Plan

Chemicals Segment

Australia salt field business / Shark Bay Salt

Australia salt field business / Shark Bay Salt

  • Basic Materials Business Unit
  • Performance Materials Business Unit
  • Nutrition & Agriculture Business Unit
Business Activities

Our chemicals business encompasses trade and investment in a range of industries, from upstream and midstream chemicals such as basic chemicals and fertilizer and inorganic resources, to downstream chemicals that meet diverse market needs, including functional materials, electronics materials, specialty chemicals, forestry and housing materials, agricultural input, fertilizers, feed additives, and flavor and fragrance chemicals. We are also pursuing new initiatives in the tank terminal business, carbon fiber, and human nutrition.

  • Takashi Furutani Managing Officer, Chief Operating Officer of Basic Materials Business Unit

    Takashi Furutani Managing Officer,
    Chief Operating Officer
    of Basic Materials
    Business Unit

  • Takeo Kato Managing Officer, Chief Operating Officer of Performance Materials Business Unit

    Takeo Kato Managing Officer,
    Chief Operating Officer
    of Performance Materials
    Business Unit

  • Kohei Takata Managing Officer, Chief Operating Officer of Nutrition & Agriculture Business Unit

    Kohei Takata Managing Officer,
    Chief Operating Officer
    of Nutrition & Agriculture
    Business Unit

Business Environment

  • Increasing importance of carbon management and creation of a circular economy as a necessity to address climate change and environmental issues
  • Global expansion of the oil to chemicals trend as oil refineries shift to chemical production
  • Growing needs for increased food production due to growth of the world economy as well as population growth. High-value-added needs resulting from a rising middle income class and rising awareness of health

Progress under Previous Medium-term Management Plan (top) and Targets in Medium-term Management Plan 2023 (bottom)

  • Expanded environment-related businesses toward realization of a sustainable society
  • Participated in paint business in Europe to address environmental issues and develop products to address diverse customer needs
  • Strengthened initiatives in health domain, where needs are growing for disease prevention and day-to-day health management
  • Value creation through material design in response to changing trends
  • Contribution to improve quality of life and realization of a sustainable society through the stable supply of materials
  • Provide solutions based on science that help improve nutrition and the health of people and animals

Individual Strategies

Area Our Approach
Expand trading networks and enhance trading functions
  • Advance trading functions in view of changes in trading flow and market structures as in-house production accelerates in major countries to meet demand, such as India and China
  • Enhance trading functions through utilizing specialized vessels
Engage in new growth opportunities
  • Contribute to a recycling economy, such as plastic recycling, take on new business challenges to create a low-carbon society
  • Expand initiatives in personal care and dental fields
Increase profits in existing businesses
  • Expand businesses through bolt-on investments, pursue operational excellence
  • Increase profitability by strengthening business management capabilities

Impact from COVID-19 and Response Policies

  • Decrease in production in manufacturing businesses for durable consumer goods as well as decrease in trading volume amid slump in demand.
  • Further improve proposal abilities to customers and enhance our network.
  • Implement thorough risk management measures and strengthen competitiveness by reducing costs.

Seize New Growth Opportunities

Seize New Growth Opportunities

Value-added proposals to add customized functions by combining and formulating materials in line with consumer contact needs

Focus Businesses

Materials and Infrastructure Business toward Realizing a Hydrogen based Society

In its Medium-term Management Plan 2023, Mitsui has positioned energy solutions as a growth area, and is focusing on hydrogen energy as a promising clean energy of the future in response to demands for a low-carbon society. Specifically, in the FCEV-related business, Mitsui supports the creation of a supply chain with FCEV hydrogen tanks manufactured by Hexagon Composites ASA in Norway, the world’s largest manufacturer of lightweight pressurized tanks. We also supported the development of infrastructure for realizing a hydrogen society through FirstElement Fuel, Inc., a company that develops and operates hydrogen refueling stations in California.

Hydrogen stations of FirstElement Fuel, Inc. in the U.S.

Hydrogen stations of FirstElement Fuel, Inc. in the U.S.

Integrated Agricultural Input Business

Mitsui is engaged in the agricultural input distribution business, centered on Latin America. In particular, we are promoting the use of biostimulants that enhance the natural immune system of plants, and optimize the use of chemical fertilizers based on soil analysis. Amid the increasing use of biopesticides made from fungus and plant extract, the Company’s subsidiary, Certis USA L.L.C., is stepping up efforts to achieve agricultural practices in harmony with the environment as a leading firm in the biopesticides industry.

Agricultural supply sales business in Latin America

Agricultural supply sales business in Latin America

Major Subsidiaries & Associated Companies

MMTX Inc.
Businesses Investment in methanol producing business in the United States and sale of products
Ownership
Interest (%)
100.0
Annual
Earnings
(¥ billion)
18/3   2.9
19/3   7.2
20/3   1.6
SHARK BAY SALT PTY LTD
Businesses Production of salt
Ownership
Interest (%)
100.0
Annual
Earnings
(¥ billion)
18/3   1.0
19/3   1.1
20/3   1.7
MITSUI & CO. PLASTICS LTD.
Businesses Sales of plastics and chemicals
Ownership
Interest (%)
100.0
Annual
Earnings
(¥ billion)
18/3   3.8
19/3   3.8
20/3   3.4
(Consolidated) Mitsui AgriScience International
Businesses Investments in crop protection businesses in Europe and the Americas
Ownership
Interest (%)
100.0
Annual
Earnings
(¥ billion)
18/3   1.7
19/3   1.3
20/3   2.4