TOKYO, May 9, 2016 _ Ube Industries, Ltd., JSR Corporation, and Mitsubishi Rayon Co., Ltd. today announced that they have reached basic agreement to start negotiation for the merger of their respective subsidiaries in the ABS resin business. The merger concerns Techno Polymer Co., Ltd., a wholly-owned subsidiary of JSR, and UMG ABS, LTD., which is equally owned by Ube Industries (50%) and Mitsubishi Rayon (50%). The details of the basic agreement are as follows.
Company Name | Techno Polymer Co., Ltd. |
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Location | Minato-ku, Tokyo |
President | Yasuki Sajima, Representative Director |
Business Description | Manufacturing, processing, sales, and R&D for styrene resins (ABS, AS, AES, ASA, and other polymer alloys) |
Capital Stock | 3,000,000,000yen |
Established | July 1, 1996 |
Shares Issued | 60,000 |
Fiscal year-end | March 31 |
Shareholders | JSR (100%) |
Non-Consolidated Earnings and Financial Data for Last Three Years (Million Yen) | Fiscal Year : Non-consolidated net sales Fiscal Year Ended March 31, 2013 : 42,497 Fiscal Year Ended March 31, 2014 : 44,556 Fiscal Year Ended March 31, 2015 : 42,662 |
Company Name | UMG ABS, LTD. |
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Location | Chuo-ku, Tokyo |
President | Yasuaki Ii, Representative Director |
Business Description | ABS resin business (compound products using ABS, ASA, SAN, and AES polymers; alloy products containing other resins) |
Capital Stock | 3,000,000,000yen |
Established | April 1, 2002 |
Shares Issued | 2,000 |
Fiscal year-end | March 31 |
Shareholders | Ube Industries (50%), Mitsubishi Rayon (50%) |
Non-Consolidated Earnings and Financial Data for Last Three Years (Million Yen) | Fiscal Year : Non-consolidated net sales Fiscal Year Ended March 31, 2013 : 36,834 Fiscal Year Ended March 31, 2014 : 41,168 Fiscal Year Ended March 31, 2015 : 42,349 |
Matters for disclosure in relation to the merger will be promptly disclosed as details are finalized.