UMG ABS

Japanese chemical makers Ube Industries, JSR Corp., and Mitsubishi Chemical Corp. integrated their ABS resin businesses. Techno Polymer Co. (JSR subsidiary) and UMG ABS Ltd. (jointly owned by Ube and Mitsubishi) merged to form Techno-UMG, based in Tokyo. JSR holds 51% and UMG ABS holds 49%.

The European Union approved the merger of the ABS resin businesses of Techno Polymer (a JSR subsidiary) and UMG ABS (owned by Ube Industries and Mitsubishi Chemical), creating the largest ABS supplier in Japan with 430,000 tonnes/year capacity.

Ube Industries, JSR, and Mitsubishi Chemical announced that the planned integration of the ABS resin businesses of Technopolymer (a JSR subsidiary) and UMG ABS (a joint venture of Ube and Mitsubishi Chemical) will be delayed beyond October 1, 2017, due to competition law procedures in various countries.

JSR, Ube Industries, and Mitsubishi Rayon agreed to establish a new joint company for their ABS resin businesses, effective October 1, 2017. The new company will be 51% owned by JSR and 49% by UMG ABS (a joint venture of Ube and Mitsubishi Rayon), with a capital of 3 billion yen.