Kizo Yasui
Profile
Performance in office
Tenure
Tenure
Background
Mitsui Petrochemical Industries was founded in July 1955 with joint investment from seven Mitsui group companies and Koa Oil, and had no individual founder. For some time after its founding it brought in presidents from the Mitsui companies that had invested in it, and his successor Iwao Iwanaga likewise moved from Toyo Rayon, where he was Representative Director and Executive Vice President. Kizo Yasui had previously been Deputy President of Mitsui Bank, and the appointment appears to have brought in a manager from the source of funds at a stage of continuing heavy capital investment.
Selection
He became President in 1961, three years after the Iwakuni Works began mass production of ethylene at 20,000 tons a year in April 1958. Mitsui Petrochemical Industries started out as a latecomer without the capital to build world-class plants on its own, and from its founding it took the form of joint investment by eight Mitsui companies. The change appears to have brought in a President from the bank among its investors during a period of continuing expansion and fundraising.
Initiatives
His tenure lasted about two and a half years, from 1961 to November 1963. During this time Mitsui Petrochemical Industries decided to move into the Kanto region, where demand was, and on Mitsui & Co.'s recommendation chose to expand onto reclaimed land at Goi-Anegasaki in Chiba Prefecture. In October 1962 it listed its shares on the Second Sections of the Tokyo and Osaka stock exchanges. The start-up of the Chiba Works and the achievement of 120,000 tons a year of ethylene were carried over to his successor, Iwao Iwanaga.
Career
Career
Mitsui Bank
| Date | Position |
|---|---|
| Apr 1926 | Joined |
| 1959 | Deputy President |
Mitsui Petrochemical Industries
| Date | Position |
|---|---|
| 1961 | President |
| 1963 | Stepped down as President |
Toyo Rayon
| Date | Position |
|---|---|
| 1963 | Executive Vice President |
| 1971 | Chairman |