Today's mitsubishi have no interest in acquiring companies like...

Today's mitsubishi have no interest in acquiring companies like CNQ. They have joint ventures with many companies on the ASX and tend to stay with them long term.

In biological terms, it is a symbiotic relationship where the two entities share space for the benefit of both rather than as a parasite which preys on the host for self gain.

When you consider the Japanese business model as I posted earlier, we westerners would find that running a company like that with ASIC regulations etc would not work. It is a much better solution for all if the 2 cultures remain separated as buyer and seller. In this case we have the benefit of mitsubishi.

A bit more of them below: http://www.mitsubishicarbide.com/mmus/en/company/aboutus.html

Mitsubishi Materials Corporation (MMC) was created by a merger of Mitsubishi Metal Corporation and Mitsubishi Mining and Cement Company in 1990. Today, MMC has become one of Japan's largest diversified materials companies.

In addition to producing many unique products, MMC also produces a comprehensive range of cemented carbide tools (Mitsubishi Carbide), heat and corrosion resistant alloys, sintered machine parts, precision molding dies, casting products, and aluminum cans. These products are vital elements in the use and production of automobiles, electronic parts, machine tools, consumer electronic equipment, and plant and home construction.

Mitsubishi Carbide Metal Cutting Tools have been produced since the early 1930's. Investing huge amounts of money into cutting tool research and development, MMC has gained world acclaim for its advanced multi-phase CVD coating technology, and its carbide, cermet, and cubic boron nitride grade developments.

MMC has earned an international reputation as a first-class manufacturer of high quality turning, milling, and drilling products.

With manufacturing locations in Japan and other parts of the world, Mitsubishi Carbide is shipped to and sold by MMC subsidiary companies in North America, Europe, Singapore, and Brazil. Mitsubishi Carbide's Tsukuba manufacturing plant is ISO 9001 certified and ISO 14001 certified, and the Gifu manufacturing plant is ISO9001 certified.

The quality engineered into every Mitsubishi Carbide tool is without equal. We know of no other product anywhere in the world that has greater potential for increasing metal cutting productivity than every tool manufactured and sold under the name Mitsubishi Carbide.

Established in 1984, principally for the sale and distribution of Mitsubishi Carbide in North America, Mitsubishi Materials U.S.A. Corporation (MMUS), formerly known as FABMET, is a wholly owned subsidiary of MMC.

MMUS sells Mitsubishi Carbide through industrial distributors in the U.S.A., Canada, and Mexico.

With offices in Los Angeles, Chicago, Toronto, and Queretaro, Mexico, and manufacturing in Brighton, Michigan, MMUS has created a world-class sales and service organization to meet the needs of customers all over North America.

At Mitsubishi Materials USA Corporation, we are proud of what we have achieved. We continue to expand our business levels, while increasing our customer's manufacturing productivity. Our customers have come to rely on Mitsubishi Carbide, as their first choice, in the ongoing challenge to take costs out of manufacturing.

At Mitsubishi Materials USA Corp., we have adopted as our mission statement:
We Will Become The Respected Leader In Our Industry, By Providing Unique Materials, Products, and Services, Which Satisfy Our Customers' Needs..


Sorry..the blurb is a bit long. However, I really want people to understand the power behind who is funding us and what they have created in the U.S.

This is the start, and I daresay they will try and make a hub of some sort in Australia as well, and why not?