Tokyo, Mar 5, 2012 - (JCN Newswire) - Following the Great East Japan Earthquake on 11 March 2011, Mitsubishi Corp. (MC) established the "Mitsubishi Corporation East Japan Earthquake Recovery Fund" (10 billion JPY) in order to aid the recovery of the afflicted regions. The Fund includes a range of supportive measures, including the provision of emergency supplies, scholarships for affected students, as well as grants for Non-Profit Organizations (NPO) with similar such missions. Total funds spent since February 2012 amount to 3 billion JPY. In addition, up to 1,300 employees have volunteered on-the-ground since April 2011, helping with debris-removal and the clearing of affected homes in Sendai, Ishinomaki and Minami-Sanriku.
One year on, MC's aim is to meet the region's ever diversifying needs by adopting measures which are both flexible and sustainable in the long-term. For this purpose, MC has established the "Mitsubishi Corporation Disaster Relief Foundation", which is subsidized by the original Fund. While continuing existing initiatives, the primary objectives of the Foundation will be to boost industry growth and job creation. Specifically, MC will collaborate with local financial institutions and NPOs, whilst also supporting entrepreneurs looking to start or re-establish businesses by way of investment and subsidies for recruitment. MC will also continue to dispatch employee volunteers to help with on-going relief efforts.
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.
Contact:
Mitsubishi Corporation
Telephone: +81-3-3210-2171
Facsimile: +81-3-5252-7705
Mar 5, 2012
Source: Mitsubishi Corporation
Mitsubishi Corporation (TSE: 8058) (FTSE: MBC)
From the Japan Corporate News Network
http://www.japancorp.net
Topic: Press release summary
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