News Feed Item

Fukushima Sewing Company Receives Support from Mitsubishi Corporation Disaster Relief Foundation

Tokyo, Apr 11, 2014 - (JCN Newswire) - Canyon Works Ltd., a sewing company located in Iwaki City, Fukushima Prefecture in northeastern Japan, is the latest recipient of investment support from the Mitsubishi Corporation Disaster Relief Foundation (MCDRF). The contribution, 50 million yen in loan funds, complements loan support already being provided by Abukuma Shinkin Bank, a local credit union, and grants from the Fukushima prefectural government. This support has enabled the manufacturer to open a new sewing factory today and to resume full-scale operations in Fukushima.

Sewing plants run by Canyon Works in the town of Namie in the Futaba district of coastal Fukushima were forced to close following the Great East Japan Earthquake of 2011, operating since then from temporary facilities in neighboring Gunma prefecture. Companies from Namie that were displaced after the disaster have faced tremendous difficulties reestablishing themselves and, to date, only 30% have managed to restart their businesses. Notwithstanding the challenges, Canyon Works remained committed to reestablishing itself in Fukushima, and managed to secure a 10,000 square meter space at the Yoshima Industrial Park in Iwaki City to build a new factory. The new facility consists of two plants. The first will be dedicated to the production of diving suits and car seats, while the second will focus on the manufacture of outdoor gear. Canyon Works plans to increase sales to around 300 million yen, three times those of pre-disaster levels, in three years.

In addition, the company plans to rehire 16 employees from the old Namie plant and seven new staff, including three graduates from a local vocational college in Iwaki City, thereby making a contribution to the employment generation in the region.

MCDRF decided to support Canyon Works because of the contribution this project stands to make to the revitalization of industry and employment generation in Fukushima. MCDRF will continue collaborating with local financial institutions such as Abukuma Shinkin Bank to support efforts aimed at employment creation and economic recovery in areas affected by the disaster.

Reference Information

Canyon Works Ltd

1) Headquarters: 47, Oaza Kawazoe, Namie-machi, Futaba-gun, Fukushima, Japan

2) Date Established: May 1, 1984

3) Capital: 3 million yen

4) Business Activities: Manufacture and sale of outdoor gear and diving goods and other canvas-related products

5) Representative: Masahiko Hangai, Representative Director

Abukuma Shinkin Bank

1) Headquarters: 2-4 Haramachi-ku, Sakae-cho, Minamisoma, Fukushima, Japan

2) Date Established: September 1950

3) Capital: 10.7 billion yen

4) Business Activities: Savings, loans and other financial services

5) Representative: Tsuneo Hanzawa, President

Mitsubishi Corporation Disaster Relief Foundation

1) Headquarters: 2-3-1 Marunouchi, Chiyoda-ku, Tokyo

2) Date Founded: March 2012 (became a foundation in May 2012)

3) Endowment: 6 billion yen

4) Purpose: To contribute to the recovery of regions affected by the Great East Japan Earthquake through the provision of scholarships and grants for NPOs and social welfare corporations, as well as for recovery of industry and job creation.

5) Representatives:

- Chairman, Ken Kobayashi (President and CEO, Mitsubishi Corporation)

- Deputy Chairman, Hideyuki Nabeshima (Member of the Board, Mitsubishi Corporation)

- Executive Director, Yasuhito Hirota (Executive Vice President, Mitsubishi Corporation)

About Mitsubishi Corporation

Mitsubishi Corporation (MC; TSE: 8058) is a global integrated business enterprise that develops and operates businesses across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business. MC's current activities are expanding far beyond its traditional trading operations as its diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods. With over 200 bases of operations in approximately 80 countries worldwide and a network of over 500 group companies, MC employs a multinational workforce of nearly 60,000 people. For more information, please visit www.mitsubishicorp.com.

Source: Mitsubishi Corporation

Mitsubishi Corporation
Telephone:+81 3 3210 2171 
Facsimile:+81 3 5252 7705

Copyright 2014 JCN Newswire. All rights reserved. www.japancorp.net

More Stories By JCN Newswire

Copyright 2008 JCN Newswire. All rights reserved. Republication or redistribution of JCN Newswire content is expressly prohibited without the prior written consent of JCN Newswire. JCN Newswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Amazon has gradually rolled out parts of its IoT offerings, but these are just the tip of the iceberg. In addition to optimizing their backend AWS offerings, Amazon is laying the ground work to be a major force in IoT - especially in the connected home and office. In his session at @ThingsExpo, Chris Kocher, founder and managing director of Grey Heron, explained how Amazon is extending its reach to become a major force in IoT by building on its dominant cloud IoT platform, its Dash Button strat...
SYS-CON Events announced today that Streamlyzer will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Streamlyzer is a powerful analytics for video streaming service that enables video streaming providers to monitor and analyze QoE (Quality-of-Experience) from end-user devices in real time.
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will discuss how customers are able to achieve a level of transparency that e...
Cloud based infrastructure deployment is becoming more and more appealing to customers, from Fortune 500 companies to SMEs due to its pay-as-you-go model. Enterprise storage vendors are able to reach out to these customers by integrating in cloud based deployments; this needs adaptability and interoperability of the products confirming to cloud standards such as OpenStack, CloudStack, or Azure. As compared to off the shelf commodity storage, enterprise storages by its reliability, high-availabil...
The IoT industry is now at a crossroads, between the fast-paced innovation of technologies and the pending mass adoption by global enterprises. The complexity of combining rapidly evolving technologies and the need to establish practices for market acceleration pose a strong challenge to global enterprises as well as IoT vendors. In his session at @ThingsExpo, Clark Smith, senior product manager for Numerex, will discuss how Numerex, as an experienced, established IoT provider, has embraced a ...
DevOps theory promotes a culture of continuous improvement built on collaboration, empowerment, systems thinking, and feedback loops. But how do you collaborate effectively across the traditional silos? How can you make decisions without system-wide visibility? How can you see the whole system when it is spread across teams and locations? How do you close feedback loops across teams and activities delivering complex multi-tier, cloud, container, serverless, and/or API-based services?
Today every business relies on software to drive the innovation necessary for a competitive edge in the Application Economy. This is why collaboration between development and operations, or DevOps, has become IT’s number one priority. Whether you are in Dev or Ops, understanding how to implement a DevOps strategy can deliver faster development cycles, improved software quality, reduced deployment times and overall better experiences for your customers.
In the 21st century, security on the Internet has become one of the most important issues. We hear more and more about cyber-attacks on the websites of large corporations, banks and even small businesses. When online we’re concerned not only for our own safety but also our privacy. We have to know that hackers usually start their preparation by investigating the private information of admins – the habits, interests, visited websites and so on. On the other hand, our own security is in danger bec...
The Internet of Things (IoT), in all its myriad manifestations, has great potential. Much of that potential comes from the evolving data management and analytic (DMA) technologies and processes that allow us to gain insight from all of the IoT data that can be generated and gathered. This potential may never be met as those data sets are tied to specific industry verticals and single markets, with no clear way to use IoT data and sensor analytics to fulfill the hype being given the IoT today.
Enterprises have been using both Big Data and virtualization for years. Until recently, however, most enterprises have not combined the two. Big Data's demands for higher levels of performance, the ability to control quality-of-service (QoS), and the ability to adhere to SLAs have kept it on bare metal, apart from the modern data center cloud. With recent technology innovations, we've seen the advantages of bare metal erode to such a degree that the enhanced flexibility and reduced costs that cl...
Donna Yasay, President of HomeGrid Forum, today discussed with a panel of technology peers how certification programs are at the forefront of interoperability, and the answer for vendors looking to keep up with today's growing industry for smart home innovation. "To ensure multi-vendor interoperability, accredited industry certification programs should be used for every product to provide credibility and quality assurance for retail and carrier based customers looking to add ever increasing num...
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his session at @DevOpsSummit 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will show how customers are able to achieve a level of transparency that enables everyon...
@DevOpsSummit has been named the ‘Top DevOps Influencer' by iTrend. iTrend processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @DevOpsSummit ranked as the number one ‘DevOps Influencer' followed by @CloudExpo at third, and @MicroservicesE at 24th.