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Hydrogen and Fuel Cells in Japan
HYDROGEN AND FUEL CELLS IN JAPAN JONATHAN ARIAS Tokyo, October 2019 EU-Japan Centre for Industrial Cooperation ABOUT THE AUTHOR Jonathan Arias is a Mining Engineer (Energy and Combustibles) with an Executive Master in Renewable Energies and a Master in Occupational Health and Safety Management. He has fourteen years of international work experience in the energy field, with several publications, and more than a year working in Japan as an energy consultant. He is passionate about renewable energies, energy transition technologies, electric and fuel cell vehicles, and sustainability. He also published a report about “Solar Energy, Energy Storage and Virtual Power Plants in Japan” that can be considered the first part of this document and is available in https://lnkd.in/ff8Fc3S. He can be reached on LinkedIn and at [email protected]. ABOUT THE EU-JAPAN CENTRE FOR INDUSTRIAL COOPERATION The EU-Japan Centre for Industrial Cooperation (http://www.eu-japan.eu/) is a unique venture between the European Commission and the Japanese Government. It is a non-profit organisation established as an affiliate of the Institute of International Studies and Training (https://www.iist.or.jp/en/). It aims at promoting all forms of industrial, trade and investment cooperation between the EU and Japan and at improving EU and Japanese companies’ competitiveness and cooperation by facilitating exchanges of experience and know-how between EU and Japanese businesses. (c) Iwatani Corporation kindly allowed the use of the image on the title page in this document. Table of Contents Table of Contents ......................................................................................................................... I List of Figures ............................................................................................................................ III List of Tables .............................................................................................................................. -
America's New Energy Future
An IHS Report October 2012 America’s New Energy Future: The Unconventional Oil and Gas Revolution and the US Economy Volume 1: National Economic Contributions 7328_1012PB 6945_0912PB America’s New Energy Future: The Unconventional Oil and Gas Revolution and the US Economy About IHS (ihs.com) IHS Inc. (NYSE: IHS) is a leading source of information and insight in critical areas that shape today’s business landscape, including energy and power; design and supply chain; defense, risk and security; environmental, health and safety, and sus- tainability; country and industry forecasting; and commodities, pricing and cost. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS employs more than 5,100 people in more than 30 countries around the world. About IHS CERA IHS CERA is a leading advisor to energy companies, consumers, financial institutions, technology providers and govern- ments. The IHS CERA product suite covers all major energy sectors – oil and refined products, natural gas, and electric power – on a global and regional basis and delivers strategic knowledge and independent analysis on energy markets, geo- politics, industry trends, and strategy. About IHS Global Insight IHS Global Insight is one of the leading economic analysis and forecasting firms in the world, with an established track record for providing rigorous, objective data and forecast analysis to governments and businesses. Among its areas of expertise are the economic impact, tax implications, and job-creation dynamics of multiple sectors core to national, state and local economies. It also helps companies and governments at all levels interpret the impact of proposed investments, policies, programs, and projects. -
Taiyo Nippon Sanso Will Change
Taiyo Nippon Sanso will change Annual Report 2013 Year Ended March 31, 2013 CONTENTS Profi le 1 Management Philosophy 1 Business Portfolio 2 To Our Stakeholders 10 Bold Reforms and Unyielding Determination 11 Business Activities 20 Corporate Governance 22 Corporate Social Responsibility 23 Board of Directors, Corporate Auditors and Corporate Offi cers 24 Six-Year Summary 25 Management’s Analysis of Operating Results and Financial Position 26 Consolidated Financial Statements 30 Notes to Consolidated Financial Statements 35 Report of Independent Auditors 54 Investor Information 55 Disclaimer Regarding Forward-Looking Statements This annual report contains forward-looking statements regarding the future plans, strategies, activities and performance of Taiyo Nippon Sanso Corporation. Forward-looking statements refl ect management’s assump- tions and beliefs based on information available as of the date of this docu- ment’s publication and inherently involve risks and uncertainties. Actual results may thus differ substantially from these statements. Risks and uncertainties include, but are not limited to, changes in general economic and specifi c market conditions, currency exchange rate fl uctuations and evolving trends in demands for the Company’s products and services. Profile Taiyo Nippon Sanso Corporation was created through the merger of Nippon Sanso Corporation and Taiyo Toyo Sanso Co., Ltd., on October 1, 2004. Today, the Company continues to draw on the capabilities of its two predecessors as it strives to become an Asian-born major player in the global industrial gases industry. Management Philosophy “Market-driven collaborative innovation: improving the future through gases” Taiyo Nippon Sanso Corporation | Annual Report 2013 1 BUSINESS PORTFOLIO This section presents information on Taiyo Nippon Sanso’s operations, focusing on the nature, competitive advantages and market position of each of the Company’s businesses. -
Investment Opportunities in China's Industrial Gas Market
Executive Insights Volume XIX, Issue 31 Investment Opportunities in China’s Industrial Gas Market Due to their wide-ranging downstream • Gas production: air separation gas, synthetic air and applications and impact on the overall market, specialty gas, etc. industrial gases have been dubbed the “blood • Gas supply: on-site pipeline, bulk transport of liquefied gas, gas cylinders, etc. of the industrials market” and hence play an • Downstream applications: mainly metallurgy, chemicals, important role in China’s national economy. electronics, etc. Industrial gases are widely used in metallurgy, Over half of the global value share of the industrial gas market petroleum, petrochemicals, chemicals, is made up of air separation gases (e.g., nitrogen, oxygen and mechanical, electronics and aerospace and are of argon). The remaining market share is split between industrial synthetic gas (e.g., hydrogen, carbon dioxide and acetylene) great importance to a country’s national defense, and specialty gases (e.g., ultra-high-purity gases and electronics construction and healthcare sectors. However, gases), with 35% and 8–10% of the market share, respectively. given the current economic downturn, slowdown Each of the three main downstream applications focuses on different raw materials: metallurgy favors the use of air in growth and excess capacity reduction, investors separation gases, chemical processes primarily consume synthetic may be hard-pressed to determine where new gases and electronics makes use of specialty gases. investment opportunities and growth prospects Three main supply models exist to provide different levels of lie. In this Executive Insights, L.E.K. Consulting flexibility to customers. On-site gas pipelines are suitable for the assesses investment opportunities in this market. -
Integrated Report 2018
Integrated Report 2018 Year Ended March 31, 2018 We pride ourselves on our ability to act on customer feedback and to partner with a wide range of industries to help improve the quality of life. Market responsiveness and collaborative innovation are our two core values. These values are at the heart of everything we do as we shape the future through gas technologies, crafting a harmonious relationship between people, society and the planet. We are the Taiyo Nippon Sanso Group, where professionals come together. Philosophy Guiding Principles “Market-driven Progressive, united in creativity, forward-looking collaborative innovation: We pledge to listen to the views of Improving the future stakeholders and to contribute—through both our gas technologies and collaboration through gases” with partners in other industries—to the creation of a spiritually and materially wealthy society. Corporate Symbol Taiyo Nippon Sanso’s corporate logo represents the seamless integration of state-of-the-art technology and nature, as well as the Company’s business domain, founded on its advanced technologies for controlling oxygen, nitrogen, argon and other gases. The logo also evokes the Company’s resolve to achieve growth through superior quality and transparency and to ensure a future that is clean, safe and healthy. CONTENTS Our Business Our Foundation Milestones in Value Creation ............................................... 2 Corporate Governance ......................................................26 Taiyo Nippon Sanso’s History of Achievement ..................... 4 Messages from Outside Members of the Board .................29 Value Creation Process ....................................................... 6 Members of the Board of Directors, Members of the Audit and Supervisory Board and Executive Offi cers .................30 Our Strategies Working with Stakeholders ................................................32 A Message to Stakeholders ............................................... -
Mar. 1, 2019 Notice Regarding Completed Acquisition of a Hyco
March 1, 2019 Company name: Mitsubishi Chemical Holdings Corporation Representative: Hitoshi Ochi Representative Corporate Executive Officer, President & Chief Executive Officer TSE code no.:4188, 1st section Contact: Hajime Takasaka Executive Officer, General Manager, Public Relations and Investor Relations Office Tel: [+81] (0)3-6748-7120 Taiyo Nippon Sanso Corporation Announces “Notice Regarding Completed Acquisition of a HyCO Business and Related Assets in the United States” Mitsubishi Chemical Holdings Corporation’s consolidated subsidiary, Taiyo Nippon Sanso Corporation (Head office: Shinagawa-ku, Tokyo; President CEO: Yujiro Ichihara) announced today that it has completed the acquisition of a portion of the HyCO business and related assets in the United States through its wholly-owned subsidiary, Matheson Tri-Gas, Inc.(Head office: Texas, United States). Please refer to the attached release for details. March 1, 2019 To Whom It May Concern: Company Name: Taiyo Nippon Sanso Corporation Representative: Yujiro Ichihara, Representative Director, President CEO st (Code: 4091, 1 Section of Tokyo Stock Exchange) Contact: Hisataka Ose, General Manager Corporate Communications (TEL: 03-5788-8015) Notice Regarding Completed Acquisition of a HyCO Business and Related Assets in the United States Taiyo Nippon Sanso Corporation (TNSC) announces that it has concluded the acquisition of a portion of the HyCO business(*1) and related assets operated in the United States by Linde Gas North America LLC (hereafter “Linde America”), a subsidiary of -
Some Observations About Japan's Zero Interest Rate Policy and the Yen Carry Trade
University of Pennsylvania ScholarlyCommons Master of Philosophy in Organizational Dynamics Theses Organizational Dynamics Programs April 2007 Some Observations About Japan's Zero Interest Rate Policy and the Yen Carry Trade David R. Kotok University of Pennsylvania, [email protected] Follow this and additional works at: https://repository.upenn.edu/od_theses_mp Kotok, David R., "Some Observations About Japan's Zero Interest Rate Policy and the Yen Carry Trade" (2007). Master of Philosophy in Organizational Dynamics Theses. 1. https://repository.upenn.edu/od_theses_mp/1 Submitted to the Program of Organizational Dynamics in the Graduate Division of the School of Arts and Sciences in Partial Fulfillment of the Requirements for the Degree of Master of Philosophy at the University of Pennsylvania. Advisor: Dr. Peter Steiner This paper is posted at ScholarlyCommons. https://repository.upenn.edu/od_theses_mp/1 For more information, please contact [email protected]. Some Observations About Japan's Zero Interest Rate Policy and the Yen Carry Trade Abstract This thesis discusses the evolution of the Japanese Monetary Policy and its relationship to the Yen carry trade. I track this development from inception. I specifically examine how the central Bank of Japan (BOJ) is proceeding now to withdraw Japan from the zero interest rate policy. Specifically covered are the last two years in which central bank policy changed from quantitative easing to interest rate targeting. I present evidence to show how Japan's zero interest rate policy and the evolution of Yen carry trade activity coincided with a reduction in risk premiums throughout the world. I also show how the withdrawal of the Yen carry trade had a temporary impact on those risk premiums in May and June of 2006 and January and February of 2007. -
Taiyo Nippon Sanso Corporation
Taiyo Nippon Sanso Corporation Jefferies 2013 Global Industrials Conference August 13, 2013 1 1 Taiyo Nippon Sanso Corporation (TNSC) One of the five global gas majors 5th largest industrial gas supplier in the world Largest in Japan Global sales > $5 billion 5.5% 10-year CAGR Founded in 1910 Nippon Sanso (1910) and Taiyo Toyo Sanso (1946) merged in 2004 Over 11,000 employees Global network in 17 countries Technology Development Portfolio includes space simulation, superconductivity, hydrogen fueling, healthcare, semiconductor manufacturing, and, of course, air separation 2 1 TNSC Business Overview Industrial Gases: 63% Medical Care: 4% On-site gas supply Synthesized-air (pure air) Liquefied gases supply systems Packaged gases Liquid oxygen systems for Cutting & welding home-based oxygen treatments equipment Water-18O stable isotope Electronics: 19% LP Gas: 8% Semiconductor material LPG: Eco-friendly clean energy gases Automated gas stations for High purity gases motor vehicles MOCVD equipment Micro-cogenerators Cylinder cabinets GHP (gas heat pumps) Plants & Engineering: 2% Others: 4% (Housewares Business) Large-scale air separation units Ultra-high-purity nitrogen gas generators Space-simulation chambers Helium containers 3 TNSC Global Network * Sales by regional segment Asia US 9% 22% Japan 69% 4 2 Q1 2014 Results Q1 FY14 Q1 FY13 (Millions of JPY) YoY YoY % (June 2013 *1) (June 2012) Net sales 123,130 112,378 +10,751 +9.6% Operating income 7,373 6,194 +1,179 +19.0% OI margin 6.0% 5.5% - - Net income 4,492 3,059 +1,433 +46.8% EBITDA 16,237 13,995 +2,242 +16.0% Sales Growth + 9.6% Excluding FX Impact - 5.0% Growth on Local Currency Basis + 4.6% Japan + 0.1% *1 Q1 FY2014 is three months ended June 2013. -
Annual Report 2015 Year Ended March 31, 2015 Profile
The Road to Growth Annual Report 2015 Year Ended March 31, 2015 Profile Taiyo Nippon Sanso Corporation was created through the merger of Nippon Sanso Corporation and Taiyo Toyo Sanso Co., Ltd., on October 1, 2004. Today, the Company continues to draw on the capabilities of its two predecessors as it strives to become a recognized global player. Management Philosophy “Market-driven collaborative innovation: improving the future through gases” Disclaimer Regarding Forward-Looking Statements This annual report contains forward-looking statements regarding the future plans, strategies, activities and performance of Taiyo Nippon Sanso Corporation. Forward-looking statements refl ect management’s assumptions and beliefs based on information available as of the date of this document’s publication and inherently involve risks and uncertainties. Actual results may thus differ substantially from these statements. Risks and uncertainties include, but are not limited to, changes in general economic and specifi c market conditions, currency exchange rate fl uctuations and evolving trends in demands for the Company’s products and services. 2 CONTENTS To Our Stakeholders P2 Special Feature P4 Strategic Perspectives P12 At a Glance P15 Business Portfolio P16 CCorporateorporate GGovernanceovernance P22 CSR 23 Board of Directors, Audit & Supervisory Board Members and Executive Officers 24 Six-Year Summary 25 Management’s Analysis of Operating Results and Financial Position 26 Consolidated Financial Statements 30 Notes to Consolidated Financial Statements 35 Report of Independent Auditors 54 Investor Information 55 Taiyo Nippon Sanso Corporation | Annual Report 2015 1 To Our Stakeholders Despite a gradual revival in the United States, the global Fiscal year 2015 was the 10th year since the merger economy in fiscal year 2015, ended March 31, 2015, reflected that created Taiyo Nippon Sanso. -
Health Care Providers Plan for Transition
20100412-NEWS--1-NAT-CCI-CL_-- 4/9/2010 3:10 PM Page 1 Vol. 31, No. 15 $1.50/APRIL 12 - 18, 2010 Health care STREET EATS providers plan New generation of food carts rolls into Cleveland as city clears path for mobile vendors to operate for transition By JAY MILLER Hospitals, other practices mull operational [email protected] changes as reform implications take hold ave you ever been walking By SHANNON MORTLAND standards. around at lunch time and had a [email protected] “Obviously this bill is going to hankering for Himalayan rice have a major impact on all facets of Although the crowds of newly the hospital,” said Heidi Gartland, and seared tuna? Or maybe insured patients aren’t coming the vice president for government Ha plate of dim sum? Or maybe a simple through the doors just yet, local relations at University Hospitals. vegetarian soup? health care providers are wondering “We’re definitely preparing our- how they will handle the onslaught selves to decipher which programs Well, you may be able to sample those of patients, as well as a multitude of we’re going to participate in.” varied cuisines and more beginning this other changes that are coming as a One of the biggest concerns for result of the health care reform bill. hospitals is the decrease in reim- summer on the streets of Cleveland. Among the issues providers are bursement from Medicare and Cleveland City Council passed legislation grappling with are how changes in Medicaid, said John Corlett, vice last month that clears the way for a new the Medicare and Medicaid payment president of government relations structures will affect them, how they and community affairs for the generation of curbside food vendors. -
Vol 06 Issue 1
www.asiaiga.org Volume 6 Issue 1 January 2009 newsnews Newsletter of the Asia Industrial Gases Association MITA (P) 015/02/2009 Outlook for 2009 ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ he drastic slowdown of the global economies has Asian level. This proposal was put forward last year as AIGA impacted the gases industry in general and members was aware that on some priority safety issues, we can reach T are responding quickly to the new environment in out to the target audience effectively only at the country various ways. level. The smaller companies in Asia often do not come to an AIGA has also started to rethink part of its 2009 Asian event due to the cost and time constraints, even programme in view of the new environment facing its though AIGA only charges a minimal fee to cover costs. members. AIGA has also identified acetylene gas safety as a AIGA’s Technical Committee (TC) is looking into its work priority concern in Asia. plan this year. Some face-to-face meetings may be dropped in Although the gas is still used extensively in some countries 2009 and replaced by tele-conferences, since members are in Asia, expertise is a dwindling resource both in Asia and working to trim their travel plans. Europe. Notwithstanding this, AIGA is committed to continue its An ad-hoc team has been formed (headed by Vincent activities for 2009. Moreau, Linde Group) to look into organising one or more Looking ahead, the TC has decided to re-structure the Acetylene Gas Safety Seminars at the country level. This will Annual Meeting for 2009 by holding smaller technical be done in conjunction with the national associations of the meetings at the country level instead of doing this on a pan- countries identified. -
Praxair, Inc. Signs Agreement to Sell European Assets to Taiyo Nippon Sanso Corporation
Media Contact: Investor Contact: PRAXAIR Lisa Esneault (203) 837-2448 Juan Pelaez (203) 837-2213 [email protected] [email protected] NEWS RELEASE Praxair, Inc. Signs Agreement to Sell European Assets to Taiyo Nippon Sanso Corporation DANBURY, Conn., July 5, 2018 – Praxair, Inc. (NYSE:PX), in accordance with its proposed business combination with Linde AG (LIN.DE), has signed an agreement to sell the majority of its businesses in Europe to Taiyo Nippon Sanso Corporation. The businesses generated annual sales of approximately 1.3 billion euros in 2017. The purchase price for this transaction is 5.0 billion euros in cash consideration and is subject to customary adjustments at closing. This agreement is conditioned on the successful consummation of the Praxair-Linde merger and other regulatory approvals. “We are taking a constructive approach to address regulatory concerns with the merger in the European Economic Area,” said Steve Angel, Praxair chairman and chief executive officer. “Taiyo Nippon Sanso is a strong and capable global industrial gas buyer for our assets and we are pleased that they will continue to serve the needs of our customers in Europe.” The assets to be sold include Praxair’s industrial gases businesses in Belgium, Denmark, France, Germany, Ireland, Italy, the Netherlands, Norway, Portugal, Spain, Sweden and the United Kingdom and include approximately 2,500 employees. Praxair and Linde continue to work diligently with the relevant antitrust authorities with the objective of closing the merger during the second half of 2018. “With this acquisition, we are seizing a unique opportunity to enter the European market and establish a truly global footprint through the purchase of highly attractive assets in all the key geographies in the European Union.