# 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.

- Type: Acquisition
- Announced: 2020-02-12
- Where: Japan
- Status: announced
- Products: cement, ready-mix concrete, building materials
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Mitsubishi Materials](https://endata.com/companies/8627.md)
- [UBE Industries Ltd](https://endata.com/companies/21995.md)
- [UBE Industries Ltd](https://endata.com/companies/21995.md) (partner)

## Sources

- [nikkei.com](https://www.nikkei.com/article/DGXLASFL12HM1_S0A210C2000000/), 2020-02-12: "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。"
- [cemnet.com](https://www.cemnet.com/News/story/168306/mitsubishi-materials-and-ube-industries-ltd-consider-cement-merger.html), 2020-02-14: "It is necessary for Mitsubishi Materials and Ube Industries to establish a new framework for their cement businesses that builds upon the existing relationship including the joint venture."
- [globalcement.com](https://www.globalcement.com/news/11160-mitsubishi-materials-and-ube-industries-consider-merging-cement-businesses), 2020-02-14: "Mitsubishi Materials and Ube Industries have signed a letter of intent to start discussing a potential merger of their cement businesses and related concerns."

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