Encyclopedia > Mitsubishi Gas Chemical Company, Inc.
Mitsubishi Gas Chemical Company, Inc. (三菱ガス化学, Mitsubishi Gasu Kagaku, MGC) (TYO: 4182) is a Japanese company. It is one of the Mitsubishi core companies. The main trading room of the Tokyo Stock Exchange, where nowadays the trading is done by computers The Stock Exchange occupies a narrow site in Tokyos securities district The Tokyo Stock Exchange (abbreviated TSE) is a stock exchange market located in Tokyo, Japan. ... The Mitsubishi companies, or the Mitsubishi Group of Companies or the Mitsubishi Group is a large group (keiretsu) of independently operated Japanese companies which share the Mitsubishi brand name. ...
History
The company was established in 1918 and incorprated in 1951.
The Mitsubishi group of companies form a loose entity, the Mitsubishi Keiretsu, which is often referenced in US and Japanese media and official reports; in general these companies all descend from the zaibatsu of the same name.
Mitsubishi Bank (now a part of the Mitsubishi UFJ Financial Group) was founded in 1919.
Mitsubishi split itself into independent companies in 1946 under the postwar government policy of decentralizing industry.
Mitsubishi has the option to increase its participating interest to 20% by paying US$400,000 plus costs per percentage point prior to any discovery, or $8 million plus costs for an additional 10% interest after completion and testing of the first well drilled under the farmout agreement.
An existing gas transportation grid is close to the project and a major natural gas trunk line, with initial capacity in excess of 200 million cubic feet per day, recently was completed to transport gas from the Sichuan Basin to Eastern China.
MitsubishiGasChemicalCompany, Inc. is a diversified Japanese natural gas, chemicals and advanced materials company with operations around the world.
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