Mitsubishi Corporation Disaster Relief Foundation Supports Recovery of Soy Sauce
Maker in Northeastern Japan
Tokyo, Nov 22, 2013 - (JCN Newswire) - The Mitsubishi Corporation Disaster
Relief Foundation has entered into collaboration with The Bank of Iwate to
provide support in the amount of 31 million yen to Yagisawa Shoten, a soy sauce
brewing factory located in Rikuzentakata City, Iwate Prefecture, in
northeastern Japan. Through this support, Yagisawa Shoten will now be able to
acquire an additional compressor for its production facilities, thereby
resolving production expansion issues that have been pending since the
reopening of its new factory.
Founded in 1807, Yagisawa Shoten was a symbol of Rikuzentakata, being one of
the town's foremost longstanding businesses, but all its offices and
factories were completely destroyed by the Great East Japan Earthquake in 2011.
Following the disaster, Yagisawa Shoten was able to continue operations by
setting up an alternative facility in nearby Ichinoseki City, and contracting
out elements of its soy sauce brewing business to other companies. The company
is now able, for the first time since the disaster, to fully execute the entire
production and distribution process from its own facilities in Rikuzentakata.
Based on the support provided by the Mitsubishi Corporation Disaster Relief
Foundation, however, the acquisition of an additional compressor next spring
will serve to facilitate the expansion of production and the stabilization of
operations, while at the same time generate new employment.
Nearly a thousand days have passed since the Great East Japan Earthquake, but
Rikuzentakata, which suffered immense damage from the ensuing tsunami, is still
recovering from the disaster. The Mitsubishi Corporation Disaster Relief
Foundation will continue to collaborate with local financial institutions such
as the Bank of Iwate to support efforts aimed at employment creation and
economic recovery in areas affected by the disaster.
About Mitsubishi Corporation
Mitsubishi Corporation (MC; TSE: 8058) is a global integrated business
enterprise that develops and operates businesses across virtually every
industry including industrial finance, energy, metals, machinery, chemicals,
foods, and environmental business. MC's current activities are expanding
far beyond its traditional trading operations as its diverse business ranges
from natural resources development to investment in retail business,
infrastructure, financial products and manufacturing of industrial goods. With
over 200 bases of operations in approximately 80 countries worldwide and a
network of over 500 group companies, MC employs a multinational workforce of
nearly 60,000 people. For more information, please visit www.mitsubishicorp.com.
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