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idemitsu kosan co ltd (5019) Details

Idemitsu Kosan Co.,Ltd. manufactures and sells fuel oils and lubricant oils in Japan and internationally. It operates through Petroleum Products, Petrochemical Products, Resources, and Others segments. The company offers lubricants, including marine and maintenance oils, metal working and industrial oils, grease products, traction drive fluids, polyvinyl ether, and polyalkylene glycol oils; and petrochemicals, such as basic and performance chemicals, engineering plastics, solvents, and various functional materials. It also investigates, explores, develops, and sells oil, coal, uranium, geothermal, and other mineral resources; and provides agricultural biotechnology products comprising microbial pesticides and soil amendments, agents for environment and greening, and functional animal feeds, as well as supplies fermented gamma-linolenic acid. In addition, the company generates renewable energy from wind, solar, bio fuels, and hydrogen; and produces and sells electronic materials consisting of organic light-emitting diodes, special polycarbonate resins, and coating materials. Further, it transports and stores petroleum products; sells service station products; imports, purchases, and sells liquefied petroleum gas; designs, constructs, maintains, and manages petroleum-related facilities; offers credit card services; and imports and sells agricultural chemicals. Additionally, the company designs, installs, fabricates, and sells various machinery, equipment, and devices for chemical-industrial and environmental-protection uses; manages, sells, and leases real-estate properties; develops, sells, and offers consulting services for computer-software; and develops packaging materials and decorative products for industrial applications. Idemitsu Kosan Co.,Ltd. was founded in 1911 and is headquartered in Tokyo, Japan.

Founded in 1911

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idemitsu kosan co ltd
Idemitsu Kosan Co. Limited Establishes Local Subsidiary in China

Idemitsu Kosan Co.,Ltd. established a local subsidiary in China on May 15, 2017, in order to enhance even further its ability to meet its customers' needs in preparation for future growth in the demand for OLED materials based on the vigorous investment in OLED manufacturing facilities in China. Capital RMB 5.3 million. Approximately ¥90 million.

Idemitsu Kosan Co.,Ltd. and BOETechnology Group Co.,Ltd. Reach Basic Understanding to Form Strategic Alliance for the Development of High-Performance OLED Materials and Displays

Idemitsu Kosan Co.,Ltd. and BOE Technology Group Co.,Ltd. have reached a basic understanding to form a strategic alliance for the development of high-performance OLED materials and displays. Idemitsu has a long history of developing cutting-edge light emitting materials as well as related materials in the OLED business, with its involvement ranging from manufacturing to sales. These materials have been used in many OLED displays, including those for smartphones and TVs. Moreover, Idemitsu has not stopped at just developing materials, but it also has actively developed technologies for combinations of these materials in order to demonstrate their optimal performance in OLED displays. Both companies expect to enjoy the benefits of synergy effects in the OLED display field through this strategic alliance. In specific terms, Idemitsu intends to develop and supply high-performance OLED materials in accordance with BOE's needs. This alliance is expected to strengthen both companies' collaborative relationship in the OLED field, and increase their product appeal and competitive power in the market. Until now, Idemitsu has formed several strategic alliances with other display manufacturers, which are similar to this initiative. Idemitsu also has entered into collaboration agreements with other OLED material manufacturers that allow each party to use the other party's OLED material-related patents. From here on, Idemitsu hopes to actively promote the strengthening of relations with its major customers, and to contribute further to the development of the OLED industry, which has expanded remarkably in recent years. This matter will have no effect on company's consolidated financial performance for the 2017 fiscal year.

Toyota Motor Corporation, Nissan Motor Co., Ltd., Honda Motor Co., Ltd., JXTG Nippon Oil & Energy, Idemitsu Kosan Co., Ltd., Iwatani Corporation, Tokyo Gas Co., Ltd., Toho Gas Co., Ltd., Air Liquide Japan Ltd., Toyota Tsusho Corporation and Development Bank of Japan Inc Sign Memorandum of Understanding on Collaboration Toward the Large-Scale Construction of Hydrogen Stations for Fuel Cell Vehicles

Toyota Motor Corporation, Nissan Motor Co., Ltd., Honda Motor Co., Ltd., JXTG Nippon Oil & Energy, Idemitsu Kosan Co., Ltd., Iwatani Corporation, Tokyo Gas Co., Ltd., Toho Gas Co., Ltd., Air Liquide Japan Ltd., Toyota Tsusho Corporation and Development Bank of Japan Inc. have signed a memorandum of understanding on collaboration toward the large-scale construction of hydrogen stations for fuel cell vehicles. The memorandum of understanding is aimed at achieving the acceleration of the construction of hydrogen stations in the current early stage of FCV commercialization using an "all Japan" approach centered on collaboration among the 11 companies. It stems from the Japanese government's "Strategic Roadmap for Hydrogen and Fuel Cells"(1) (revised on March 22, 2016), which targets a total of 160 operational hydrogen stations and 40,000 in-use FCVs by fiscal 2020. Recognizing the challenges facing the hydrogen station business in early-stage commercialization of FCVs, the memorandum of understanding is based on the idea that the companies concerned should cooperate and fulfill their respective roles to achieve the strategic development of hydrogen stations for maximizing FCV demand and to contribute to the steady popularization of FCVs. As a specific form of such cooperation, the 11 companies will consider establishing a new company within 2017. The new company would aim to, achieve steady construction of hydrogen stations by implementing measures to support hydrogen-station construction and operation, and achieve wider use of FCVs and the independence of the hydrogen station business through activities for reducing costs, including governmental review of regulations, and activities for improving operational efficiencies, thus contributing to the realization of a hydrogen society in Japan. The 11 companies will consider ways for broad participation by other companies in the future and will disseminate information appropriately.

 

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