Mitsubishi Gas Chemical Establishes MGC Trading India Pte. Ltd.

June 26, 2024

  Mitsubishi Gas Chemical Company, Inc. (MGC; Head Office: Chiyoda-ku, Tokyo; President: Masashi Fujii) hereby announces the establishment of a local corporation in the Republic of India, formed through joint investment by Mitsubishi Gas Chemical Singapore Pte.Ltd. (MGC Singapore; Head Office: Singapore), a wholly owned subsidiary of MGC, and Mitsubishi Gas Chemical Trading, Inc. (Head Office: Chiyoda-ku, Tokyo).

  As India continues to demonstrate remarkable economic development, as well as heightened demand for chemical products in the pharmaceutical, automotive, and other industries, MGC has deemed it a market that presents significant potential for increased sales and the further expansion of our Group's products. By establishing a new entity in India through joint investment by MGC Singapore and Mitsubishi Gas Chemical Trading, Inc., we aim to consolidate our India-related business activities, which until now have been dispersed across various MGC Group companies located outside of India. This will enable us to enhance our customer support system and respond promptly to the needs of those customers living in the region.

  MGC will expand the Group's business foundation in the Indian market by strengthening the Group's sales of its India-originating products, assessing its raw material procurement methodology, and exploring new business opportunities.


<New Company Outline>

1.    Company Name                             MGC Trading India Private Limited 

2.    Date of Establishment                  June 25, 2024

3.    Headquartered                              Mumbai, Maharashtra, India 

4.    Capital                                             20 million Indian Rupees                                

5.    Investment Ratio                          MGC Singapore 70%, Mitsubishi Gas Chemical Trading, Inc. 30%                           

6.    Business Activities                        Sale of MGC Group products, procurement of raw materials,
                   market development activities, etc.                               

7.    Representative                             Takayuki Fukuzawa, Managing Director (Planned)



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