NAGASE’s Value Creation
History of Value Creation
Founder Denbei Nagase
1832~
Founding
The NAGASE Group traces its roots to 1832 when founder Denbei Nagase established Urokogataya, a dyestuffs wholesale business that handled safflower, funori seaweed and starches in Nishijin, Kyoto. Later on, we established a foothold in the chemical industry by starting to handle synthetic dyes.
General Electric Co. (GE)
1901~
Forging Ties with Leading Overseas Manufacturers
Entering the 1900s, the NAGASE Group started doing business with overseas manufacturers to pursue the possibilities of chemicals. As it expanded its import business, NAGASE established an office in Lyon, France in 1901. That spurred the expansion of partnerships with overseas manufacturers, including Basel Chemical Co. of Switzerland (at that time called Ciba), as well as Eastman Kodak Co. (now Kodak) and DuPont of the U.S. While importing state-of-the-art products from overseas, including technology not yet available in Japan, and making great strides as a trading company specializing in chemical products, the NAGASE Group delivered new value.
Panoramic view of Ciba in 1893
1970~
Enhancing Functions as a Manufacturer
Since its founding, the NAGASE Group has engaged in diverse operations. In 1970, it established Nagase-CIBA Ltd. (now Nagase ChemteX Corporation) as a joint venture with Ciba for manufacturing epoxy resins. The following year, it established Engineering Plastics, Ltd. (EPL) in a 50-50 joint venture with GE. It also built several new plants as part of steps to strengthen and expand its manufacturing, processing, and other functions as a manufacturer.
Nagase Bio-Innovation Center
1990~
Demonstrating Advantages in R&D Functions
From the 1990s, the NAGASE Group began enhancing its R&D functions in earnest. In 1990, it established the Nagase R&D Center (now the Nagase Bio-Innovation Center) as a base for R&D into bio-related materials. In the 2000s, it established Nagase ChemteX (Wuxi) Corporation in China as an epoxy resin plant for Nagase ChemteX Corporation. It also made Pac Tech-Packaging Technologies GmbH of Germany a subsidiary. In 2007, it opened the Nagase Application Workshop, an open innovation laboratory, in a push to also secure an advantage in R&D functions.
Prinova Group
2010~
Gearing Up the Food Ingredients Business
In the 2010s, biotechnology also started to gain more attention. In 2012, the NAGASE Group made the biotechnology specialist Hayashibara Co., Ltd. a subsidiary to strengthen its food ingredients business. In 2019, it made Prinova Group LLC, a U.S.-based company that sells and processes food ingredients and has a global sales network, a subsidiary. By generating synergies among the new Group companies, NAGASE brought its food ingredients business into full swing and global development.
Update:
Hayashibara Co., Ltd. changed its corporate name to Nagase Viita Co., Ltd. as of April 1st, 2024.
2020~
Promoting Sustainability
The NAGASE Group has grown into a corporate entity with diverse functions, including trading, manufacturing, processing, and R&D. While leveraging and adding on to those functions as a Business Designer, the Group strives to create an array of value. With the establishment of the Sustainability Committee and formulation of the Sustainability Basic Policy in 2020, it has also been focusing on sustainability in recent years. The Group aims to help solve social and environmental issues for the sustainable growth of society and the Group.
Our Business Model
A Business Designer Working with Partners to Create an Array of Value through “Identify, Develop, and Expand”
The technologies that the NAGASE Group has cultivated over its 190-year history are one of its strengths. In addition to trading capabilities with a wide array of business domains and an extensive global network, it has enhanced its manufacturing, R&D, and other capabilities. In addition, it has strengthened new functions such as digital transformation (DX) to evolve into a corporate group that creates a myriad of value.
The NAGASE Group brings together those capabilities in working with partners to identify the seeds of technologies and businesses, develop them into new value, and expand that through business development that goes beyond borders and domains. Delivering an array of value to society and customers as a Business Designer developing unique businesses that set us apart from competitors is our current business model.
Our Strengths
Global Network
Japan
We aim to enhance economic and social value by promoting sustainability in such ways as focusing on bio-related technologies, not just core businesses.
Greater China
We create business emanating from China through bold localization. We cover all of China in fields such as semiconductors, mobility and electronics.
ASEAN and the Middle East
We are promoting high added value in the core businesses of resins and mobility and the food ingredients business. We are also working to solve environmental issues by promoting bio-related businesses and supporting decarbonization management.
Europe
Mainly engaged in the pharmaceuticals and chemicals businesses. We are also promoting efforts to reduce impact on the environment by strengthening sales of biodegradable raw materials and products using bio-materials.
Americas
We are concentrating on the food ingredients business and investing in new technologies. Leveraging the Group’s manufacturing, R&D capabilities and network, we aim to continue providing various values by proposing solutions to customers’ problems.
Consolidated Net Sales
Overseas 530.1 billion yen
(Fiscal year ended March 31, 2022)
Overseas Gross Profit Ratio
(Fiscal year ended March 31, 2022)
Number of Bases
(Fiscal year ended March 31, 2022)
Number of Manufacturing Companies
(Fiscal year ended March 31, 2022)
Number of Sales and Servicing Companies
(Fiscal year ended March 31, 2022)
Number of Employees (Consolidated)
(Fiscal year ended March 31, 2022)
Integrated Report 2023
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