Word: mitsui
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...February, Dong signed a licensing agreement with Japan's Mitsui Engineering & Shipbuilding for Inbicon's biomass-refinery technology to convert waste products from palm oil into ethanol. "In our view, being on the edge of new green technologies is a great opportunity," says Eldrup. "It gives us an advantage in reducing CO[subscript 2], but it also gives us technological advantages as well as business opportunities. The U.S. has very high ambitions to increase its ethanol production, and we think this might be a great opportunity in years to come...
...currencies, including the euro and yen, has fallen about 15% from a three-year high reached in March and is now hovering near a 14-month low. Economists and analysts expect the dollar to lose a lot more ground. Daisuke Uno, chief strategist at Japan's banking giant Sumitomo Mitsui, believes the Japanese currency could strengthen to 50 yen to a dollar by 2011 (from around 90 today) due to continued weakness in the U.S. economy. Harvard historian Niall Ferguson says the dollar could slide by as much as 20% on a trade-weighted basis over the next 12 months...
...shares in 21 years and the latest sign that the global economic crisis is spreading further into Japan's financial system. Mitsubishi UFJ and Mizuho Financial Group, Japan's second largest bank, led the fall with shares dropping 15%, followed by an 11% drop in the shares of Sumitomo Mitsui Financial Group, Japan's third-largest lender...
...Introducing dog-eat-dog values into corporations that continue to prize the organization over the individual generated worker dissatisfaction. Trying to rebuild loyalty and decrease turnover, companies like Canon, Kintetsu and Fujitsu have altered or scrapped performance-based pay and reinstated seniority as a determinant of salaries. Trading house Mitsui last year reopened five dorms for single employees--at a cost of nearly $1 million annually. "We're hoping that group residence will nurture communication and interpersonal skills in our new young hires," says Mitsui human-resources development manager Hitoshi Takiguchi...
...that continue to prize the organization over the individual generated worker dissatisfaction. Trying to rebuild company loyalty and decrease turnover, major companies including Canon, Kintetsu and Fujitsu have in recent years altered or scrapped their performance-based pay and reinstated seniority as a determinant of salaries. Meanwhile, trading house Mitsui last year reopened five dorms for single employees - a program that costs the company nearly $1 million a year. "We're hoping that group residence will nurture communication and interpersonal skills in our new young hires," says Mitsui human-resources development manager Hitoshi Takiguchi. Employees have responded enthusiastically. Despite...