# 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%.

- Type: Acquisition
- Announced: 2018-01-09
- Where: Tokyo, Japan
- Value: $27.0M (3.00B JPY)
- Status: completed
- Products: ABS resin, AS resin, AES resin, ASA resin, polymer alloys
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Mitsubishi Chemical Corporation](https://endata.com/companies/5545.md) (investor)
- [UBE Industries Ltd](https://endata.com/companies/21995.md) (investor)
- [JSR Corporation](https://endata.com/companies/23191.md) (investor)
- [Techno UMG Co., Ltd.](https://endata.com/companies/29273.md) (target)

## Sources

- [nikkei.com](https://www.nikkei.com/article/DGXLRSP467757_Z00C18A1000000/), 2018-01-09: "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"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.