Mitsui Chemicals review business development plan

Recently, Mitsui Chemicals CEO Hashimoto said that the company will review the long-term business development plan, accelerate the pace of achieving net zero carbon emissions by 2050, and will actively invest in the fields of healthcare and information communication technology (ICT).

Hashimoto said that Mitsui Chemicals is taking a series of measures to prepare for the new normal, including reviewing the company’s business development plan. He said: "We will focus on the global market in 2030, redefine the vision of the Mitsui Chemicals Group, share the roadmap for realizing the vision with the entire group, and proceed to implement it." Mitsui will also accelerate the company's efforts to achieve it by 2050. Net zero emissions of greenhouse gases. A new specialized agency will also be established within the company to promote digitalization in various fields.

Hashimoto pointed out that due to the impact of the new crown pneumonia epidemic, the company's annual profit has declined compared with recent years. For this reason, it will focus on businesses that emphasize cash flow and carefully choose investment. "At the same time, in order to accelerate the transformation of our business portfolio, we have implemented positive measures such as mergers and acquisitions in target areas. We are also working to strengthen the basic materials sector, reduce profitability fluctuations and expand profitability."

The current business environment is still unpredictable, but there are signs that demand in major industries is picking up and business performance is recovering. In the future, Mitsui Chemicals will continue to make active investments aimed at accelerating the transformation of our business portfolio, mainly in the fields of healthcare and information and communication technology, which are expected to grow further. Hashimoto said that the new year is a new starting point for Mitsui Chemicals to achieve growth and development.