Idemitsu Kosan Co., Ltd is a Japanese petroleum company. It owns and operates oil platforms, . Idemitsu began development of OLED technology in the s, culminating in the development of a practical full-color LED display introduced. Idemitsu Kosan Co.,Ltd. (head office:Chiyoda-ku)(head office:Tokyo)( representative director and ceo:Shunichi Kito)(representative director and. Idemitsu Kosan Co. began experimenting with organic light-emitting Apple plans to ship at least one new iPhone with an OLED screen this.
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It owns and operates oil platformsrefineries and produces and sells petroleum, oils and petrochemical products. Idemitsu is the second largest petroleum refiner in Japan, after Nippon Oil.
He expanded to selling fuel oil for fishing boats in Shimonoseki. A branch was opened in Daliannortheast China and Idemitsu attempted to enter the Chinese market that was dominated by western companies like Standard Oil and the Asiatic Petroleum Company a Shell subsidiary.
Oed company extended through northern Iddemitsu and into Korea and Taiwan. After the Japanese invasion of Manchuria in the oil trade became government controlled and Idemitsu was forced to scale back.
Instead he went into transport by oil tanker. In the headquarters were moved to Tokyo and the name changed to the current Idemitsu Kosan K. With the Japanese military expansion and United States joining the Pacific War the government took control of all industries. After the war Idemitsu Kosan lost its overseas trade with the Allied occupation of Japan.
Idemitsu began importing naphtha an intermediate oil product first from the United States and later from Venezuela and Iran. The protectionist Oil Industry Law helped Idemitsu against foreign competition in Japan, but also made owning its own refineries important.
Idemitsu’s first Tokuyama Refinery opened in This was followed by the Chiba oil refinery inHyogo oil refinery inthe Hokkaido oil refinery inand the Aichi oil refinery in In Idemitsu sent its large tanker Nisshomaru to Iran to purchase oil. Iranian prime minister Mohammed Mosaddeq had recently nationalized the oil fields and was under British-led embargo Abadan Crisis.
Idemitsu Kosan to Build New Facilities for OLED Materials in China – LEDinside
In the s, Idemitsu imported crude oil from Russia. Idemitsu called the boycott “an odd Christmas gift” but “utterly negligible.
The company also came in conflict with the Petroleum Association of Japan which was set up by MITI to restrict production and Idemitsu even left the organization. In the seamen’s union went on strike, the first of its kind in Japan. This led to petroleum shortages. Idemitsu then ignored the quotas and produced at full speed. When the price control and production quotas were removed inIdemitsu rejoined the PAJ.
The company continued its vertical integration strategy of controlling the whole supply chain with more tankers and opening petrol depots and warehouses. Commercial production began in Idemitsu took interest in foreign oil fields, and in it started an oil field in southeast Turkey with Finnish company Neste Oy.
Idemitsu acquired stake in Norwegian Snorre oil field and in Australia, as well as participating in oil drilling around the world. The company diversified into coal, importing from Australia and bought mines in Muswellbrook, New South Wales and Ebenezer, Queensland. It became the largest coal mining company in Japan and developed the coal cartridge system for small users. It worked on geothermal power experiments and uranium mining in Canada with Cameco and Cogema.
The sharp price drop on oil made Idemitsu’s non-oil operations less profitable. Japanese import restrictions on oil once again came under debate. As inIdemitsu favored opening up to foreign competition, in opposition to most of the Japanese oil industry.
The Japanese government eventually settled on a compromise that would slowly open for free importation and remove production quotas on refineries. As a means of diversifying its business in the wake of global oil shocks, Idemitsu began development of OLED technology in the s, culminating in the development of a practical full-color LED display introduced by Pioneer in the late s. Idemitsu’s technology was eventually adapted by Samsung Electronics for use in its Galaxy line of smartphones.
By Idemitsu was the largest seller of fuel oil in Japan, due largely to capital investments by president Shosuke Idemitsu during the s and early s. However, these investments left the company deeply in debt with a speculative credit rating.
Akihiko Koxan, the first president from outside the founding family, instituted several reforms to alleviate the company’s finances, including cutting retroactive discounts offered to distributors. Tembo also merged parts of the company’s operations with Mitsubishi Corporation and Mitsui Chemicals.
In the s, Idemitsu began opening service stations outside Japan, in Portugal and Puerto Ricoas well as a lubricant factory in the United States.
Oil industry deregulation took big leaps with the abolishment of the Special Petroleum Law and self-service pumps became legal. Toward the end of the s, the demand in Japan decreased due to the long economic crisis. The oil industry was too large and many companies merged. At the turn of the century, Idemitsu Kosan was the only major oil refining company in Japan that had not merged.
The company was entirely held by the Idemitsu family and company employees. InIdemitsu management announced plans to merge the company with Showa Shell Sekiyuthe fifth-largest oil wholesaler in Japan. The first and largest Snorre oil field has been followed by several more. In the Sea of JapanIdemitsu has oil platforms in Niigata prefecture near Aga and Iwafunebut the production is small. Idemitsu Kosan owns 12 oil tankers for international use.
Tokuyama Refinery was oosan down in as scheduled, in conjunction to the Hokkaido Refinery gaining an increase in oil supply. There are 30 operating refineries in Japan with total capacity of 4. With construction planned to start init would be ready in and become the second in Vietnam after the Dung Quat Refinery. Idemitsu Kosan owns a Idemitsu icemitsu opened an office in Hanoi and is considering using the refinery as a base for expanding into Vietnam and surrounding countries.
Ahead of next iPhone, Idemitsu Kosan leads way after developing OLED screen
Idemitsu operates 5, service stationsmany under the Apollo brand. Idemitsu Petrochemical runs two petrochemical plants in Chiba and Tokuyama. It produces a variety of basic chemicals supplied to chemical industries, in Japan and abroad. Basic chemicals produced includes olefins such as ethylene and propyleneand aromatics like benzenepara-xylene and styrene monomer.
It is also a supplier of plastics for uses such as CD olrd and circuit boards. LubricantsIdemitsu’s first product is a major area. Following a cross-licensing agreement between LG Display Co.
From Wikipedia, the free encyclopedia.
For other uses, see Idemitsu disambiguation. Archived from the original on James Press, as quoted on “Answers. United States Geological Survey. Petroleum Association of Japan. Archived from the original on January 16, International Directory of Company Histories.
United States Pacific Command. Business Wire press release. Retrieved 31 December Archived from the original on 1 January Thomson Financial via Forbes. Retrieved from ” https: Oil companies based in Tokyo Chemical companies based in Tokyo Energy companies established in Automotive fuel retailers Japanese brands Non-renewable resource companies established in establishments in Japan.
June 20, . Oil Petroleum Petrochemical Fuel.