Mitsubishi Corporation Disaster Relief Foundation Supports Rebuilding of Kesennuma Seafood Market
October 2, 2014     Japanese 
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Mitsubishi Corporation Disaster Relief Foundation Supports Rebuilding of Kesennuma Seafood Market - JCN Newswire
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Mitsubishi Corporation Disaster Relief Foundation Supports Rebuilding of Kesennuma Seafood Market

Tokyo, Aug 23, 2013 - (JCN Newswire) - Mitsubishi Corporation Disaster Relief Foundation (The Foundation) is pleased to announce its decision to contribute to the rehabilitation of "Umi no Ichi", a major seafood market located in Kesennuma City, Miyagi Prefecture in north eastern Japan. The Foundation will provide financial support in the amount of 50 million yen to Kesennuma Sangyo Center, which runs the market. The Foundation's contribution complements support already being provided by the Kesennuma Shinkin Bank, a local credit union, and boosts efforts to rehabilitate the market, with a target to reopen in March 2014. In addition, through the Kesennuma Kibo Foundation, established in February 2013 with financial support from The Foundation and Kesennuma Shinkin Bank, earnings gained through the project will be reinvested in local industry as part of overall efforts towards reconstruction in the region.

Located next to the Kesennuma Fish Market, the Umi no Ichi complex is also home to the Rias Shark Museum and the Aquarium of Ice, two unusual attractions unique to Kesennuma. The facility was a source of dynamism in the city prior to the disaster, both as a bustling center of business activity and as an attraction for over 1 million tourists each year. Some 20 shops currently occupy the complex, but the local fishing industry took a major fall as a result of the earthquake and tsunami. Rebuilding Umi no Ichi will not only help revive fishing industry sales, creating an additional 120 jobs with return to pre-disaster levels, but will also be a major step in restoring dynamism in the city.

Kesennuma was severely damaged during the Great East Japan Earthquake, including the loss of over a thousand lives to the tsunami that followed. Nearly two and a half years on, infrastructure is gradually being rebuilt, but rebuilding the fishing industry, the backbone of the economy, is far from complete. The government of Kesennuma City, Kesennuma Shinkin Bank and The Foundation will therefore continue working together to provide support for recovery efforts in Kesennuma. The aim of these support initiatives is to contribute to the recovery of industry and employment generation and, ultimately, the overall recovery of the region as a whole.

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
Tel: +81-3-3210-2171  
Fax: +81-3-5252-7705
 


Aug 23, 2013
Source: Mitsubishi Corporation

Mitsubishi Corporation (TSE: 8058) (FTSE: MBC)

From the Japan Corporate News Network
http://www.japancorp.net
Topic: Disaster effects and responses
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