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BUSINESS
September 20, 2000 | Bloomberg News
Hitachi Ltd., Japan's largest electronics maker, formed a joint venture with Clarity Partners and Marubeni Corp. to supply components used in fiber-optic equipment, a market it estimates is growing 36% a year. Hitachi will contribute its fiber-optic components unit, which had sales of $159 million in its last fiscal year, in exchange for a majority stake in OpNext Inc.
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BUSINESS
September 20, 2000 | Bloomberg News
Hitachi Ltd., Japan's largest electronics maker, formed a joint venture with Clarity Partners and Marubeni Corp. to supply components used in fiber-optic equipment, a market it estimates is growing 36% a year. Hitachi will contribute its fiber-optic components unit, which had sales of $159 million in its last fiscal year, in exchange for a majority stake in OpNext Inc.
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BUSINESS
September 22, 1995
Trimedyne Inc.'s shares soared 56% in heavy trading Thursday after the company said the Japanese Ministry of Health had approved its Holium surgical laser for sale in Japan. The Irvine company's shares jumped $1.75 to close at $4.875 as 1 million shares changed hands on the Nasdaq market. Trimedyne said it will begin working immediately with its Japanese distributor, industrial giant Marubeni Corp., to promote the product and teach Japanese surgeons how to use it.
BUSINESS
September 22, 1995
Trimedyne Inc.'s shares soared 56% in heavy trading Thursday after the company said the Japanese Ministry of Health had approved its Holium surgical laser for sale in Japan. The Irvine company's shares jumped $1.75 to close at $4.875 as 1 million shares changed hands on the Nasdaq market. Trimedyne said it will begin working immediately with its Japanese distributor, industrial giant Marubeni Corp., to promote the product and teach Japanese surgeons how to use it.
BUSINESS
November 20, 1987 | WILLIAM J. EATON, Times Staff Writer
Occidental Petroleum Corp. and the Italian firm Montedison announced Thursday the signing of a memorandum with the Soviet Union to develop a petrochemical complex at the Tengiz oil field near the Caspian Sea. Armand Hammer, the 89-year-old chairman and chief executive of Occidental, said it eventually would be the largest joint venture ever created in the Soviet Union. Hammer, who has been doing business with Moscow since he met the first Soviet leader, Vladimir I.
BUSINESS
December 12, 2006 | From the Associated Press
Energy provider Mirant Corp. has reached a deal to sell its Philippine business to a consortium that includes Tokyo Electric Power Co. for $3.42 billion. The Atlanta-based company said it expected the deal with Tokyo Electric and Marubeni Corp., which also includes working capital, to close in the second quarter of 2007.
BUSINESS
September 23, 1996 | Times Staff and Wire Reports
Occidental Chemical Shuns Vietnam Venture: The unit of Los Angeles-based Occidental Petroleum Corp. has pulled out of a $109-million polyvinyl chloride resin venture in southern Vietnam, the Vietnam Investment Review said. The state-controlled weekly said Occidental Chemical Corp. walked away from the venture with Marubeni Corp. and two local firms because the authorities had licensed a rival project. The venture, Oxy-Vina Plastics & Chemical Co.
BUSINESS
November 26, 1990 | From Times Wire Services
Ube Industries Ltd., a Japanese maker of chemicals, cement and machinery, established a joint venture with Britain's Marubeni Corp. to provide plastic composites to users in Europe such as auto makers and producers of office automation equipment, the companies announced today. The joint venture, European Technological Composites Ltd., is capitalized at $3.9 million, with Ube Industries holding a 70% stake. Marubeni holds the remainder.
BUSINESS
November 20, 1987 | WILLIAM J. EATON, Times Staff Writer
Occidental Petroleum Corp. and the Italian firm Montedison announced Thursday the signing of a memorandum with the Soviet Union to develop a petrochemical complex at the Tengiz oil field near the Caspian Sea. Armand Hammer, the 89-year-old chairman and chief executive of Occidental, said it eventually would be the largest joint venture ever created in the Soviet Union. Hammer, who has been doing business with Moscow since he met the first Soviet leader, Vladimir I.
NEWS
November 19, 1987 | Associated Press
American industrialist Armand Hammer announced plans today to join with the Italian company Montedison SPA and Marubeni Corp. of Japan to build a giant petrochemical complex in the Soviet Union. Under terms of an agreement with the Soviet Oil Industries Ministry, the Soviet Union will provide the gas liquids and sulfur produced at its Tengiz oil field near the Caspian Sea in exchange for 51% ownership of the joint venture. Hammer said his Occidental Petroleum Corp.
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