ITOCHU
Encyclopedia
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Umeda
Umeda is the main commercial and central business district in Kita-ku, Osaka, Japan, best known as the city's main northern railway terminus .Umeda is a large traffic hub, as well as the principal office and hotel district...
, Kita-ku, Osaka
Kita-ku, Osaka
is one of 24 wards of Osaka, Japan.-Economy:West Japan Railway Company has its headquarters in Kita-ku. Nihon Bussan has its headquarters in Kita-ku. Dentsu and Yomiuri Shimbun have branch offices in Kita-ku. Mazda has an office in the Umeda Sky Building Tower East. Air France has an office on the...
and Aoyama, Minato, Tokyo
Minato, Tokyo
is one of the 23 special wards of Tokyo, Japan. As of 1 March 2008, it had an official population of 217,335 and a population density of 10,865 persons per km². The total area is 20.34 km².Minato hosts 49 embassies...
. It has a common origin with Marubeni
Marubeni
is a Japanese trading company, one of the largest general trading companies in Japan.-Offices:*Head Office - 4-2, Otemachi 1-chome, Chiyoda, Tokyo, Japan*Head Office -20-6, Shiba 5-chome, Minato, Tokyo, Japan...
Corporation. Itochu is a Fortune 500
Fortune 500
The Fortune 500 is an annual list compiled and published by Fortune magazine that ranks the top 500 U.S. closely held and public corporations as ranked by their gross revenue after adjustments made by Fortune to exclude the impact of excise taxes companies collect. The list includes publicly and...
company.
History
Initially founded as a kimonoKimono
The is a Japanese traditional garment worn by men, women and children. The word "kimono", which literally means a "thing to wear" , has come to denote these full-length robes...
retail store in 1858 by Chūbei Itō, C. Itoh & Co. Ltd., gradually evolved from pure buying and selling to manufacturing, supplying, exporting, and investments. After various mergers and acquisitions, it was incorporated in 1918 and again in 1949.
From the early 1970s C. Itoh & Co., was a major supplier of synthetic yarn (polyester
Polyester
Polyester is a category of polymers which contain the ester functional group in their main chain. Although there are many polyesters, the term "polyester" as a specific material most commonly refers to polyethylene terephthalate...
) to India's Reliance Industries Limited. Over the years, the close collaboration between both companies culminated in the co-promotion of a world-scale Polypropylene
Polypropylene
Polypropylene , also known as polypropene, is a thermoplastic polymer used in a wide variety of applications including packaging, textiles , stationery, plastic parts and reusable containers of various types, laboratory equipment, loudspeakers, automotive components, and polymer banknotes...
Project with a capacity of 2,50,000 TPA
TPA
TPA may refer to:* Third-Party Audit, an Audit performed by a specialized & independent Organization* TaxPayers' Alliance, a British free-market lobby group* Tempe Preparatory Academy, a preparatory secondary school in Arizona, USA...
at a total project cost of Rs. 525 Crores, at Hazira in the State of Gujarat. With a $50 million for a 15 percent stake, it was at that point, the largest investment in India by a Japanese firm.
On October 1, 1992, C. Itoh & Co. Ltd. changed its name to Itochu Corporation which is a direct transliteration of its Japanese name.
Itochu now ranks as one of the largest sōgō shōsha
Sogo shosha
' means general trading companies, a business entity unique to Japan trading a wide range of products and materials. In addition to trading, they have historically acted as investment banks and private equities. Sōgō shōsha may be better described as a business philosophy than with a visual model...
companies in Japan and among the world's largest companies. The Itochu Group with the Itochu Corporation at its center has more than 700 subsidiaries.
Offices of Itochu Corporation
- Osaka headquarters – North Gate BuildingOsaka Stationis a station on the West Japan Railway Company located in the Umeda district in Kita-ku, Osaka, Japan. It is the city's main rail terminal in the north....
, 1-3, UmedaUmedaUmeda is the main commercial and central business district in Kita-ku, Osaka, Japan, best known as the city's main northern railway terminus .Umeda is a large traffic hub, as well as the principal office and hotel district...
Sanchome, Kita-ku, OsakaKita-ku, Osakais one of 24 wards of Osaka, Japan.-Economy:West Japan Railway Company has its headquarters in Kita-ku. Nihon Bussan has its headquarters in Kita-ku. Dentsu and Yomiuri Shimbun have branch offices in Kita-ku. Mazda has an office in the Umeda Sky Building Tower East. Air France has an office on the...
, Japan- Itochu moved the Osaka headquarters from 4-1 Kyutaromachi Sanchome, Chūō-kuChuo-ku, Osaka, Osaka is one of 24 wards of Osaka, Japan. It has an area of 8.88 km2, and a population of 60,085. It houses Osaka's financial district, as well as the Osaka Prefecture offices and principal shopping and tourist areas.-Diplomatic missions:...
to the North Gate Building on August 15, 2011.
- Itochu moved the Osaka headquarters from 4-1 Kyutaromachi Sanchome, Chūō-ku
- Tokyo headquarters – 5-1 Kita-Aoyama Nichome, Minato, TokyoMinato, Tokyois one of the 23 special wards of Tokyo, Japan. As of 1 March 2008, it had an official population of 217,335 and a population density of 10,865 persons per km². The total area is 20.34 km².Minato hosts 49 embassies...
, Japan
Itochu currently has seven Division Companies operating:
- Textiles
- Machinery
- Aerospace, Electronics & Multimedia
- Energy, Metals & Minerals
- Chemicals, Forest Products & General Merchandise
- Food
- Finance, Realty, Insurance & Logistics Services
Itochu Group
- Itochu Corporation
- Itochu Oil Exploration Co., Ltd. (see also CentGasCentGasCentral Asia Gas Pipeline, Ltd. was a consortium formed in the 1990s to develop a project to build the Trans-Afghanistan Pipeline from Turkmenistan's natural gas fields to Pakistan. The consortium had also considered an extension of the pipeline to the New Delhi area...
consortium) - Itochu Construction Machinery Co., Ltd.
- Itochu Aviation Co., Ltd.
- Itochu Mabis Inc.
- Itochu Techno-Solutions Corp. (CTC)
Electric vehicles
Itochu has partnered with Mazda and EnerDel to produce a solar-charged Mazda2.Printer models
- 1550
- 8500 / 8510A (NECNEC, a Japanese multinational IT company, has its headquarters in Minato, Tokyo, Japan. NEC, part of the Sumitomo Group, provides information technology and network solutions to business enterprises, communications services providers and government....
8023, ImageWriterImageWriterThe ImageWriter was a product line of dot matrix printers manufactured by Apple Computer's and designed to be compatible with their entire line of computers...
) - 8600
- F-10-40, F-10-55
- CX-4800 (plotter)
- Riteman F+,
External links
- Itochu Corporation
- Company history