Diversification in Mitsubishi

Topics: Mitsubishi, Keiretsu, Zaibatsu Pages: 2 (341 words) Published: September 12, 2010
Mitsubishi Group of Companies, or Mitsubishi Companies is a Japanese conglomerate consisting of a range of autonomous businesses which share the Mitsubishi brand, trademark and legacy. The Mitsubishi group of companies form a loose entity, the Mitsubishi Keiretsu, which is often referenced in Japanese and US media and official reports; in general these companies all descend from the zaibatsu of the same name. The top 25 companies are also members of the Mitsubishi Kin'yōkai, or "Friday Club", and meet monthly. The Mitsubishi.com Committee is meant to facilitate communication and access of the brand through a portal web site.[1]

The Mitsubishi company was first established as a shipping firm by Yataro Iwasaki (1834–1885) in 1870. In 1873, its name was changed to Mitsubishi Shokai (三菱商会). The name Mitsubishi (三菱) consists of two parts: "mitsu" meaning "three" and "hishi" (which becomes "bishi" under rendaku) meaning "water caltrop" (also called "water chestnut"), and hence "rhombus", which is reflected in the company's famous logo. It is also translated as "three diamonds".[2]

Mitsubishi Corporation Technos is a trading company specialized in industrial machines and mainly dealing in machine tools.

Mitsubishi Corporation Exploration (MCX) operates E&P projects including exploration, development and production in many regions throughout the world including West Africa as core area, US Gulf of Mexico, UK North Sea, Asia, and North Africa.

Since founded in 1907,Mitsubishi Cable Industries has been contributing to the development of society by providing excellent products,such as electric wires and cables for general-purpose as well as telecommunication and more.
At Mitsubishi Plastics, Inc., not conventionally tied to the company name itself, we live up to our goal to be fresh and flexible in perspective to create new value at every opportunity.

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