FINWIRES · TerminalLIVE
FINWIRES

Mitsubishi Chemical, Accenture Create Joint Venture to Drive AI-Supported Overhaul

By

Mitsubishi Chemical and Accenture have launched a joint venture, named Rix Business Partners, to drive an AI-enabled overhaul of the Japanese chemical producer's operations, according to a Thursday release.

The entity, formed through the chemical company's wholly owned subsidiary DIA-RIX, seeks to address productivity improvement concerns in Japan.

The partnership will develop a digital platform to support functions such as administrative services and facilities management across the chemical producer's domestic offices and manufacturing sites.

The initiative will embed AI into daily routines, helping employees transition toward higher value-added activities.

The strategy also reflects Mitsubishi Chemical Group's (TYO:4188) push for operational sustainability and long-term enterprise value, according to Isao Yano, the company's managing executive officer and chief compliance officer.

Related Articles

Asia

Nio Launches ES9 Electric SUV in China; Shares Jump 7%

Nio (HKG:9866, SGX:NIO) launched its flagship ES9 executive electric SUV in China, according to a Wednesday press release.Hong Kong-listed shares of the carmaker jumped nearly 7% in Thursday afternoon trade.The ES9 is priced from 498,000 yuan, or from 390,000 yuan under Nio's battery-as-a-service subscription plan, the press release showed.Separately, Nio said it plans to add more than 1,000 battery-swap stations this year and to start large-scale deployment of its fifth-generation swap stations in the third quarter.

$HKG:9866$SGX:NIO
Asia

Market Chatter: COSCO Shipping Vessel Passes Through Hormuz Amid Limits to Oil Traffic

A ship registered to COSCO Shipping (HKG:1919, SHA:601919) crossed through the Strait of Hormuz on Wednesday, Reuters reported Thursday, citing live shiping data.Ships passing through the strait have become a rarity due to the war in Iran.COSCO's Hua Lin Wan was carrying oil products as it crossed the strait, the report said, citing satellite data from analytics specialists SynMax.Since May 13, two other COSCO tankers have passed through the strait, Reuters said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$HKG:1919$SHA:601919
Asia

JCHX Mining Signs 111 Million Yuan Deal With Yinshan Mining

JCHX Mining Management (SHA:603979) signed a 110.8 million yuan mining contract with Jiangxi Copper Group Yinshan Mining, according to a Shanghai bourse filing on Thursday.The contract, which is valid until Dec. 31, includes mining and tunneling operations of an underground 8,000t project.The Chinese mining construction company's shares slipped 1% during the afternoon trade.

$SHA:603979