Thursday, Dec 14, 2017
HONSHU CHEMICAL INDUSTRY CO., LTD.


Vision/Mission

Corporate Philosophy

Contributing to the sustainable growth of society and human well-being through our business activities, we make ourselves a real reliable company and gain respects from our stakeholders such as shareholders, customers, local communities and employees.

Corporate Target

To be a “Global Fine Chemical Specialist” who creates constantly valuable and niche products by developing its original phenol synthesizing technologies.

 

Business Description

Honshu Chemical’s products are utilized across the industries and used in our daily lives. We manufacture a variety of unique fine products of high quality for markets such as IT, automobile and medical industries.  As a Fine Chemical Specialist, we will continue to be innovative and address challenges to create a bright future.

 

Background

In 1914, Mr. Asajiro Yura, who was engaged in the dyestuff business, succeeded in commercially producing aniline from benzene for the first time in Japan. Since then, Honshu Chemical has offered various products. In 1988, the business of Bisphenol-A was transferred to Mitsui Chemicals, Inc. and the remainder of Honshu Chemical has been entirely restructured to be a fine chemical company. Since then, we have been promoting globalization, including the establishment of Hi-Bis GmbH in Germany in 2001.

-Milestone-

  1915    Started production of phenol
   1953    Mitsui&Co.,LTD. equity participation
   1954    Applied to Corporate Reorganization Act (Chapter 11)
   1955    Rebirth as Honshu Chemical Industry
   1961    Registered by Tokyo Stock Exchange, started production of Bisphenol-A
   1968    Mitsui Chemicals, Inc. equity participation
   1971    Started production of TMP (2,3,6-Trimethyl Phenol)
   1977    Started production of Bisphenol-F
   1988    Transfer of Bisphenol-A business to Mitsui Chemicals, Inc.
   1990    Started production of Photo Resist raw materials
   1991    Started production of Biphenol
   2001    Founded Hi-Bis GmbH
   2014    Built Hi-Bis 2 plant

 

Markets

Major Products

Major Application & Market

Monomers for

Super-Engineering

Plastics

Biphenol

Liquid Crystal polymer(Electronics)

Poly Phenyl Sulfone(Medical/Food/Aircrafts)

Specialty Bisphenol

・BisP-TMC

・Bis-Z

・BisOC-FL

Specialty  Poly Carbonates

Specialty  Epoxy Resins

(Consolidating Hi-Bis GmbH)

Highly

Functional

chemicals

Electronic materials

・TrisP-PA

・2,3,5-TMP

Photo-resist additives/Novolac Resins

(Semi-Conductors, LCD resists)

Cresol Derivatives

・2,3,6-TMP

・m-Cresol

・Purified BHT

Vitamin E(Animal Nutrition) 

Agro/Pharm  intermediates, Electronics

Anti-Oxidants

 

Location

Head Office: Tokyo, Japan

Factory and R&D Center: Wakayama, Japan

Affiliate Company (Hi-Bis GmbH): Germany

 

Competitive Advantages

Honshu Chemical’s strength are followings,

(1) Inovation Spirits;  which is inherited from our founder, who constructed Japan's first benzene-distillation tower and succeeded in commercialization of aniline.

(2) Original technology;  we focus on in-house production and technology, and
develop our own production skills.

(3) Concentration in core competence; we are committed to phenol and cresol derivatives. So, these are two major areas where we have extensive experiences and technologies.  

(4) Overcame difficulties; during our history, we have overcome many difficulties including bankruptcies and restructurings. Difficulties were overcome by seeking strategic partnership with Mitsui & Co.,Ltd. and Mitsui Chemicals, who helped us redirect our business. They are our two major shareholders today.

 

Financial Projection

 Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2018

    Net sales: 18.5  billion yen

Operating income: 2.1  billion yen

 

Company Goals & Objectives

In order to overcome the challenges faced in the next 100 years, we have to continue innovating our technology and working towards new possibilities. So, we will combine our existing know-how, originated from the phenol and cresol derivatives business in the past 100 years, with new technologies. Thereby we can strengthen our core technologies for cultivating new domains, new business models and new products in pursuit of customer satisfaction and contribution to society.

The Mid-Term Plan (FY2019 target)

Consolidated Net sales: 27.0  billion yen

Consolidated Operating income: 4.0  billion yen

 

Employees

Consolidated number of employees:  353 (as of March, 2017 )


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