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Ube, JSR and Mitsubishi Chemical launch new ABS resin joint venture · Endata

◂ Announcements

Jan 9, 2018ACQUISITIONTokyo, Japan

Ube, JSR and Mitsubishi Chemical launch new ABS resin joint venture

Ube Industries, JSR and Mitsubishi Chemical established Techno UMG Co., Ltd. on April 1, 2018, integrating their ABS resin businesses. JSR holds 51%, UMG (owned equally by Ube and Mitsubishi Chemical) holds 49%.

Value

$27.0M (3.00B JPY)

Status

Completed

ProductsABS resinAS resinAES resinASA resinpolymer alloys

CompaniesMitsubishi Chemical Corporation investor UBE Industries Ltd investor JSR Corporation investor Techno UMG Co., Ltd. target

Sectors#Plastics and Polymers #Specialty Chemicals

“新会社の名称:テクノUMG株式会社、発足日:平成30年4月1日”nikkei.com

1 source
nikkei.com宇部興産・JSR・三菱ケミカル、ABS樹脂事業統合に係る新会社を発足 - 日本経済新聞Nikkei Inc.Jan 9, 2018

Summarized from public sources; check the original articles before acting on it.

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Apr 1, 2018PARTNERSHIPTokyo, Minato, Japan
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Techno UMG Co., Ltd.Mitsubishi Chemical Corporation partner nikkei.com
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