Mitsui Engr.& Ship : New Year Message by the President (Summary)
January 06, 2012 at 06:47 am EST
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January 5, 2012
New Year Message by the President (Summary)
? Due to increasingly serious Euro crisis triggered by a
financial crisis in Greece and the downgrading of US
government bonds, the value of Japanese Yen remains at the
highest level in postwar history. Meanwhile, a sense of
uncertainty about the world economy is escalating as the
economy of the emerging nations, which has been the driving
force of the world economy in recent years, is showing
signs of changing trend.Also the environment surrounding
MES is changing as exemplified by the ongoing drastic
reorganization of related industries. These changes can be
called a "paradigm shift" in terms of business environment
where you cannot rely on conventional wisdom.
In order to survive such difficult management environment,
it is important for us to accelerate our efforts on
strengthening our international competitive edge by such
means as cost down. It is also important to prepare
ourselves for any possible situation and take necessary
preventive measures.
??11 Mid-term Business Plan
In April last year, we started 2011 Mid-term Business Plan
with fundamental concept being that ""Prepare for hard
times ahead and reinforce business foundation for the
future expansion in order to create new MES". In line with
the strategy set out in the Mid-term plan, "Production
Improvement Promotion Dept." and "Global Strategy Dept."
were newly created.
To name a few achievements during last year, we started the
construction of commercial production plant of cathodic
material for lithium ion battery. Also significant is our
receipt of an order for the first 66 BC of lower CO2
emission.
??In Conclusion
Last year marked30th anniversary of Oita Works, completion
of new Tsukiji Head Office and moving of Plant &
Environment Hq. to Makuhari. This year will see 50th
anniversary of Chiba Works and 95th anniversary of Tamano
Works. This year can be called a year to mark a watershed
as to whether we can advance toward our 100th Anniversary
Vision., I hope everyone to do his best to produce great
result this year through teamwork, perseverance and
commitment to your work.
With the motto of 2011 Mid-term Business Plan "Challenge
and advance for the Future", every one of us is encouraged
to work as a team to achieve the target of 2011 Mid-term
business plan.
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Mitsui E&S Co Ltd, formerly Mitsui E&S Holdings Co Ltd, is primarily engaged in ship, marine development, machinery, and engineering businesses. The Company operates its business through four segments. The Ship segment provides ships, naval vessels, high-speed passenger ships, offshore structures, underwater equipment, design engineering services, ship-related equipment and machinery, and steel structures. The Marine Development segment provides floating offshore oil and gas production, storage, and offloading facilities. The Machinery segment provides marine and land-use diesel engines, marine equipment, gas engines, steam turbines, blowers, compressors, gas turbines, among others. The Engineering segment provides power generation projects and general overseas civil engineering and construction work. The Company also engages in land-based diesel power plant business, information and communication equipment business, system development business, gas-related engineering, among others.