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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (53977)	10/9/2001 9:45:44 AM
From: Proud_Infidel	Respond to of 70976

Mitsui to Set Up Nanotechnology R&D Companies, Invest 10 Bln. Yen for Next Five Years October 9, 2001 (TOKYO) -- Mitsui & Co. plans to establish four R&D companies in the field of nanotechnology. The company is going to invest a total of 10 billion yen in the next five years. This is the first time that Mitsui is establishing R&D companies related to manufacturing. (120.45 yen = US$1) The company intends not only to invest in the market of promising advanced technology, as has been the case of conventional trading companies, but also to become directly involved in the business itself. Mitsui will scout researchers mainly from outside, and start up the nanotechnology business in close cooperation with universities and other enterprises. First in July 2000, Mitsui established two companies, namely, Bio Nanotec Research Institute (BNRI) Inc. and Carbon Nanotech Research Institute (CNRI) Inc. BNRI will conduct research on technology on the use of a nanometer size ceramic hole as a filter for alcohol and natural gas. CNRI will develop technologies related to mass production of carbon nanotubes and fullerenes. The budgets for these companies are set at 2.7 billion yen and 3.4 billion yen, respectively. In addition, Mitsui plans to establish a company in the field of micromachine and microelectro-mechanical systems, as well as another one to conduct R&D in the field of nanostructure control of organic materials. For all four companies, Mitsui plans to invest 10 billion yen over the next five years. Related link: Mitsui's release Related stories: - NEC, Two Others to Host International Carbon Nanotube Symposium in October - NEC, JST, IRI Develop Tiny Fuel Cell for Mobile Terminals Using Nanotechnology (Nikkei Nanotechnology)