The original starting point for the company known today as Mitsubishi Materials was as the mining business of Tsukumo Shokai, the roots of the Mitsubishi Group. For nearly 140 years, the company has grown, developing its activities along with the modernization of Japan. Mitsubishi Materials joins the companies of the Mitsubishi Group in striving to contribute to the creation of a comfortable global community in the 21st century.
The corporate history of the Mitsubishi Group mirrors the modernization of Japan that began with the Meiji Restoration in 1868. The man who laid the cornerstone of the Group in this era was founder Yataro Iwasaki. It was Yataro who, in 1870, established Tsukumo Shokai, a shipping company, and aggressively invested in coal and mineral mining, which grew into a key pillar of operations for Mitsubishi.
|1871||Tsukumo Shokai, precursor to Mitsubishi Shokai, leases a coal mine from the Shingu clan in Kishu, and enters the mining business.|
|1873||Mitsubishi Shokai, precursor to Mitsubishi Goshi Kaisha, acquires the Yoshioka Mine in Okayama Prefecture, and enters the precious metals mining business.|
|1893||Mitsubishi Goshi Kaisha is established.|
|1896||Buys a refinery in Osaka from the goverment and enters the metal refining business.|
|1917||Establishes the Mining Research Institute, now the Central Research Institute.
Establishes the Naoshima Smelter & Refinery.
In the 1920s, the divisions of the Mitsubishi Goshi Kaisha split off into companies. Mitsubishi Mining Company Ltd., was established and assumed the assets of mining-related divisions. The energetic development of Mitsubishi Mining laid the foundation that supports the technical capabilities of today's Mitsubishi Materials. After World War II, the company was split into two mining interests, one for coal and the other for metals, in accordance with a law to eliminate excessive concentrations of economic power held by some corporate groups.
|1918||Mitsubishi Mining Company Ltd., established and takes over the coal and metal mining operations of the Mitsubishi Goshi Kaisha as well as operation of the research facility.|
|1920||Kanda Plant (now, Kyushu Plant) established by Hokoku Cement Corp.|
|1921||Company lists on the Tokyo Stock Exchange.|
|1942||Tokyo Metals Plant (now, Tsukuba Plant) made into independent operation and begins full-scale production of cutting tools.|
|1944||Niigata Metals Plant (now, Diamet Corp.) established to manufacture sintered products.|
|1950||Breakup of coal (Mitsubishi Mining Co., Ltd.) and metal (Taihei Mining Co., Ltd.) divisions due to law regarding decentralization.|
Japan was the scene of unprecedented economic growth in the 1950s and the 1960s. In response to energy reforms, shifting demand from coal to petroleum and nuclear energy, the business activities of the independent coal and metal mining operations were reorganized. The new divisional makeup contributed to better lifestyles for the people of Japan.
|1950||Taihei Mining Co., Ltd. lists on the Tokyo Stock Exchange.|
|1952||Taihei Mining Co., Ltd. changes its name to Mitsubishi Metal Mining Company Ltd.|
|1954||Mitsubishi Cement Corp. is established and enters the cement business.|
|1959||Japan Electronic Metals Co., Ltd., is established and enters the field of high-purity silicon for semiconductors.|
|1962||Mitsubishi Reynolds Aluminum (now Mitsubishi Aluminum Co., Ltd.,) is established as a general manufacturer of rolled aluminum products.|
|1971||Mitsubishi Nuclear Fuel Co., Ltd., is established to manufacture nuclear fuels.|
|1972||Fujioyama Plant is established and enters the aluminum beverage can business.|
|1973||Mitsubishi Mining, Mitsubishi Cement and Hokoku Cement merge into Mitsubishi Mining & Cement Co., Ltd.
Mitsubishi Metal Mining changes name to Mitsubishi Metal Corporation.
|1976||Production and sales of ceramic electronic components begins.|
|1988||Mitsubishi Cement Corp. is established in the United States, marking entry into the overseas cement business.|
The 1990s was a time of considerable political, economic and social transformations around the world. This decade brought an end to the cold war, the development of a sophisticated information society, upheavals in world economy and greater internationalization.
Another major development was the 1990 merger of Mitsubishi Metal and Mitsubishi Mining & Cement into Mitsubishi Materials Corporation. This did not mark a simple return to the prewar Mitsubishi Mining. Both corporate entities had achieved great changes in the postwar years and, standing on equal footing, they joined forces in a much different format.
Mitsubishi Materials, which traced the same path of Japan in its pursuit of modernization, aims to contribute to a comfortable global society in the 21st century.
|1990||Mitsubishi Metal and Mitsubishi Mining & Cement merge to form Mitsubishi Materials Corporation on December 1.|
|1991||Merges with Tohoku Kaihatsu Co., Ltd., on October 1.|
|1996||Establishes PT. Smelting in Indonesia.|
|1998||Forms comprehensive business tieup with Ube Industries, Ltd. and establishes Ube-Mitsubishi Cement Corp.|
|1999||Commences the recycle business of home appliances waste.|
|2000||Strengthens tool business with acquisition of Kobelco Tool Co., Ltd. (now, Akashi Plant)|
|2001||Begins production of aluminum bottle cans at Okayama Plant. (now Universal Can Corp.)|
|2002||Integrates silicon wafer business with that of Sumitomo Metal Industries, Ltd.(now Nippon Steel & Sumitomo Metal Corp.) to create Sumitomo Mitsubishi Silicon Corp. (now SUMCO Corp.)|
|2004||Integrates copper tube business with that of Kobe Steel, Ltd. to create Kobelco & Materials Copper Tube, Ltd.|
|2005||Commences Universal Can Corporation by integrating aluminum beverage can business with Hokkai Can Co., Ltd.|
|2007||Merger with Mitsubishi Materials Polycrystalline Silicon Co., Ltd. Yokkaichi plant was inaugurated.
Merger with Mitsubishi Materials Tools Co., Ltd. Akashi plant was inaugurated.
|2008||Mitsubishi Shindoh Co., Ltd. became consolidated subsidiary company.|
|2010||Mitsubishi Cable Industries Co., Ltd. became consolidated subsidiary company.|
|2012||Robertson's Ready mix Ltd. became wholly owned subsidiary company.|
|2015||Hitachi Tool Engineering, Ltd., became consolidated subsidiary and changed its name to Mitsubishi Hitachi Tool Engineering, Ltd.|
For a closer look at the history of the Mitsubishi Group, go to the Mitsubishi Group portal site.