NICHIAS Corporation was founded in 1896 as a pioneer in thermal insulation materials. For more than a century, NICHIAS has achieved growth by delivering products and services backed by its Insulation and Protection technologies to a broad range of industrial sectors. One such success story is our insulation made of rock wool. In 1938, we became the first in Japan to successfully mass produce this insulation, and since then our products have been used as an energy efficient material in a diverse array of fields, from factories to houses, thanks to more than 70 years of continual innovation.
Insulation and Protection technologies consist of six core elemental technologies that include sealing, thermal insulation, soundproofing, fire-resistant, anti-corrosion as well as clean. These six technologies help protect our natural environment. For example, insulation technologies help reduce CO2 emissions and are energy efficient, while sealing technologies prevent environmental pollution.
These six Insulation and Protection technologies have evolved greatly over that last 120 years, and as a result have helped us create five business segments that include Energy and Industrial Plants, Industrial Products, Advanced Products, Autoparts and Building Materials. The products and services provided by each of these businesses are essential to various fields, from basic industries to social infrastructure, automobiles, aerospace, and IT. In this regard, we recognize that the mission given to the NICHIAS Group by society is extremely important.
Going forward, we will continue to further advance our Insulation and Protection technologies, as well as strengthen our sustainable competitiveness through unmatched, real world value as an indispensable company to society.
As we look ahead, I ask for your steadfast support and encouragement to the NICHIAS Group and its endeavors.
President and Chief Executive Officer