Welcome!

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

Contact:
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
DXWorldEXPO LLC announced today that the upcoming DXWorldEXPO | CloudEXPO New York event will feature 10 companies from Poland to participate at the "Poland Digital Transformation Pavilion" on November 12-13, 2018.
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service.
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
The best way to leverage your CloudEXPO | DXWorldEXPO presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering CloudEXPO | DXWorldEXPO will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at CloudEXPO. Product announcements during our show provide your company with the most reach through our targeted audienc...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors!
In an era of historic innovation fueled by unprecedented access to data and technology, the low cost and risk of entering new markets has leveled the playing field for business. Today, any ambitious innovator can easily introduce a new application or product that can reinvent business models and transform the client experience. In their Day 2 Keynote at 19th Cloud Expo, Mercer Rowe, IBM Vice President of Strategic Alliances, and Raejeanne Skillern, Intel Vice President of Data Center Group and ...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smart...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
DXWorldEXPO LLC announced today that All in Mobile, a mobile app development company from Poland, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. All In Mobile is a mobile app development company from Poland. Since 2014, they maintain passion for developing mobile applications for enterprises and startups worldwide.
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
In his keynote at 19th Cloud Expo, Sheng Liang, co-founder and CEO of Rancher Labs, discussed the technological advances and new business opportunities created by the rapid adoption of containers. With the success of Amazon Web Services (AWS) and various open source technologies used to build private clouds, cloud computing has become an essential component of IT strategy. However, users continue to face challenges in implementing clouds, as older technologies evolve and newer ones like Docker c...
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
We all know that end users experience the internet primarily with mobile devices. From an app development perspective, we know that successfully responding to the needs of mobile customers depends on rapid DevOps – failing fast, in short, until the right solution evolves in your customers' relationship to your business. Whether you’re decomposing an SOA monolith, or developing a new application cloud natively, it’s not a question of using microservices - not doing so will be a path to eventual ...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
DXWorldEXPO LLC announced today that ICC-USA, a computer systems integrator and server manufacturing company focused on developing products and product appliances, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City. ICC is a computer systems integrator and server manufacturing company focused on developing products and product appliances to meet a wide range of ...