Mitsubishi Materials and Ube Industries to merge cement businesses

Mitsubishi Materials and Ube Industries announced a basic agreement to merge their cement businesses by April 2022. They will establish a new joint venture company, equally owned, to take over the cement operations, including domestic and overseas cement, ready-mix concrete, and building materials businesses.

“需要の減少などで低迷する国内セメント事業を統合することで競争力を強化し、稼いだ資金を国内外で成長性が期待できる事業に振り向ける。”nikkei.com

• 3 sources
• nikkei.com三菱マテと宇部興、セメント事業を統合 22年4月に - 日本経済新聞Nikkei Inc.Feb 12, 2020
• cemnet.comMitsubishi Materials and Ube Industries Ltd consider cement mergerFeb 14, 2020
• globalcement.comMitsubishi Materials and Ube Industries consider merging cement businesses - Cement Sector News - Global CementGlobal Cement staffFeb 14, 2020

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