Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Tokyo  >  Mitsubishi Corp    8058   JP3898400001

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Mitsubishi Corp : Mitsubishi and SDK Form Strategic Partnership in Fullerene Business

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/09/2013 | 03:33am CET

Mitsubishi Corporation (MC) and Showa Denko K.K. (SDK) today entered into a strategic partnership in the Fullerene business. As part of the arrangement, SDK acquired from MC a 50% stake in Frontier Carbon Corporation (FCC), a producer and marketer of Fullerene products, thereby making FCC a 50-50 joint venture between MC and SDK.

Fullerene is a molecule composed entirely of carbon. It takes the form of a soccer ball (Fig. 1) and is one nanometer (one-millionth of a millimeter) in diameter. As the molecule is soluble in organic solvents and is an excellent electron acceptor, it is seen as a promising material in the field of electronics, particularly for such applications as n-type material for organic photovoltaic (OPV) cells (Fig. 2).

SDK has over 10 years of experience commercially producing carbon nanotubes under the trade name VGCFTM. SDK is therefore confident that its nanotechnology acquired through the VGCFTM business can be practically applied to the Fullerene business. SDK and FCC will jointly undertake R&D and marketing activities towards the commercialization of Fullerene products. MC also has expertise in the manufacture of Fullerene products, including the ownership of relevant patents and an established sales network. Thus, by joining forces, SDK and MC are aiming to realize synergies on both the technological development and marketing fronts in order to accelerate the commercialization of Fullerene products,

SDK's VGCFTM is already used in various applications, including lithium ion batteries, and the tie-up with MC in the Fullerene business is expected to further expand its carbon nano materials business. MC aims to create new businesses by dealing in new materials that contribute to innovation in the manufacturing industry.

[Reference]

Applications of Fullerene

Commercial production of Fullerenes started in 2003 for such applications as carbon fiber reinforced plastic (CFRP) and additive in lubricants. In recent years, development of new applications is progressing rapidly, centering on promising areas in organic electronics, as follows:

1. N-type material for next generation solar cells

Fullerene molecules accept a large amount of electrons with very strong force. At the same time, Fullerene molecules readily combine with functional groups that are soluble in industrial organic solvents. It is therefore possible to produce Fullerene derivatives that are readily soluble in organic solvents, while maintaining their property of high electron accepting capacity. When Fullerene molecules are mixed with p-type organic semiconductors and made into ink, thin film layers having the property of semiconductors can be formed on PET and other types of plastic films through printing technology, contributing to mass production at low cost. Such coating with special property will bring about innovation in the areas of organic thin film transistors (TFT)/diodes,organic photovoltaic(OPV) cells, and organic light-emitting diode (OLED). 

Thus, many companies at home and abroad in the printing, electric appliance and chemical industries as well as new high-tech ventures are competing to develop and commercialize new products in this field. With regard to an OPV cell that serves as a low-cost and flexible power-generating device after coating, in particular, almost all manufacturers have decided to adopt Fullerene as the standard material for n-type semiconductor. As a result, efforts are being made at an accelerated pace to realize mass production of Fullerenes for organic electronics applications.

2. Optical filters, photoresist material for LSI fabrication, etc.

As Fullerene molecules absorb blue light only, they can be used as optical filters, including sunglasses. Development is also under way to use Fullerene as photoresist in the photolithography process for next-generation ultra LSIs, utilizing the size of one-nanometer diameter of a Fullerene molecule and its high durability for plasma etching process. Furthermore, steady progress is made in basic research in leading-edge nano devices in which a Fullerene molecule, containing metallic elements , will serve as a switch or a magnet. Thus, development is under way in wide areas of applications.

Outline of Frontier Carbon Corporation (as of January 8, 2013)

President: Hirohiko Otsubo

Establishment: 2001

Head office: 6-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo

Shareholders:   Mitsubishi Corporation: 50%

Showa Denko K.K.: 50%

Scope of business: Production and sale of nano carbon products, including Fullerene

Inquiry Recipient Mitsubishi Corporation
Telephone:+81-3-3210-2171 / Facsimile:+81-3-5252-7705
distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MITSUBISHI CORP
02/24 MITSUBISHI : Revamp means ASX is back with a bang
02/24 MITSUBISHI : World's first purpose-built LNG Bunkering Vessel delivered to ENGIE..
02/24 MITSUBISHI : Sound base for new ASX makes it a stable package
02/24 Nissan anoints new chief exec after Carlos Ghosn bows out of top spot
02/24 CORINDUS VASCULAR ROBOTICS : Announces Strategic Distribution Partnership with M..
02/24 Ghosn to step aside as Nissan CEO
02/23 Canada's Iron Ore Company budgets C$79 million for mine expansion
02/23 MITSUBISHI : Lyon firms up 1GW solar + storage plans with new equity deal
02/23 Ghosn hands over the reins at Nissan
02/23 JUST LIKE ARNIE THE BARBARIAN'S BIG, : The luxury Mitsubishi L200 can tackle the..
More news
Sector news : Industrial Conglomerates
02/25 Buffett mulls change to canny Bank of America stake if dividend rises
02/24 Safran ready to discuss A400M, but won't share Airbus penalties
02/24 Exclusive - Trump says Republican border tax could boost U.S. jobs
02/23 BOEING 'NOT COMPETITIVE', BUT TAX RE : Cfo
02/23DJAYALA : Buys 43.3% Stake in Zalora Philippines
More sector news : Industrial Conglomerates
News from SeekingAlpha
02/02 YANCOAL AUSTRALIA : $2.45 Billion Acquisition Of Rio Tinto Assets Creates Austra..
02/01 Auto Sales Off To A Decent Start In 2017
02/01 EV Company News For The Month Of January 2017
02/01 Enterprise Products Partners Connected To Hydrocarbon Export Growth
01/04 Auto Sales On Pace For New Expansion High Early In December Reporting
Advertisement
Financials ( JPY)
Sales 2017 6 828 061 M
EBIT 2017 -
Net income 2017 395 733 M
Debt 2017 4 015 879 M
Yield 2017 2,54%
P/E ratio 2017 10,11
P/E ratio 2018 9,65
EV / Sales 2017 1,19x
EV / Sales 2018 1,10x
Capitalization 4 092 063 M
More Financials
Chart MITSUBISHI CORP
Duration : Period :
Mitsubishi Corp Technical Analysis Chart | 8058 | JP3898400001 | 4-Traders
Full-screen chart
Technical analysis trends MITSUBISHI CORP
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 2 934  JPY
Spread / Average Target 14%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Takehiko Kakiuchi President & Representative Director
Ken Kobayashi Chairman
Mitsuyuki Takada Executive Officer & Manager-Operations
Kazuyuki Masu Chief Financial Officer & Representative Director
Ryozo Kato Independent Outside Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
MITSUBISHI CORP3.60%36 477
GENERAL ELECTRIC COMPA..-5.00%267 073
3M CO4.83%111 734
SIEMENS AG4.24%109 190
HONEYWELL INTERNATIONA..7.74%95 172
E I DU PONT DE NEMOURS..8.43%69 002
More Results