Mitsubishi Corporation Disaster Relief Foundation Supports Recov
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.
Mitsubishi Corporation Tel: +81-3-3210-2171 Fax: +81-3-5252-7705
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