◂ Announcements

Sep 29, 2020ACQUISITIONJapan

Ube Industries and Mitsubishi Materials to integrate cement businesses

Ube Industries and Mitsubishi Materials have formally resolved to integrate their cement and related businesses by April 2022. A new joint venture company will be established in April 2021, with each company holding 50%.

Status

Announced

Productscementbuilding materialsready-mix concrete

CompaniesMitsubishi Materials partner UBE Industries Ltd partner

Sectors#Construction Materials

“統合により「営業利益で100億円規模の改善を目指す」”nikkei.com

1 source
nikkei.com宇部興産と三菱マテ、セメント事業統合を正式決定 - 日本経済新聞Nikkei Inc.Sep 29, 2020

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

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Ube Industries and Mitsubishi Materials to integrate cement businesses · Endata