Mitsui Chemicals sells industrial products subsidiary to Maedakosen
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Mitsui Chemicals sells industrial products subsidiary to Maedakosen

Mitsui Chemicals has concluded this agreement in the hope of creating new valuee

  • By ICN Bureau | June 27, 2024

Mitsui Chemicals announced that it has signed an agreement to transfer its entire shareholding in wholly owned subsidiary Mitsui Chemicals Industrial Products Ltd. to MAEDAKOSEN CO. The transfer is scheduled to take place on April 1, 2025.

Completion of this share transfer is conditional on approval by the regulatory authorities under the Antimonopoly Act and the fulfillment of other closing conditions.

Mitsui Chemicals states that the company faces a harsh business environment, grappling with such factors as a maturing market for industrial materials within Japan, along with soaring raw material costs in recent years.

Given this situation, Mitsui Chemicals has concluded this agreement in the hope of creating new value and increasing the corporate value of Mitsui Chemicals Industrial Products through its becoming a wholly owned subsidiary of MAEDAKOSEN, which has solid business foundations in the industrial materials market, with a primary focus on civil engineering materials.

Founded in 1972, MAEDAKOSEN has enlarged its business as a company engaged in the preparation and maintenance of infrastructure (social infrastructure) by manufacturing and selling civil engineering materials, in addition to manufacturing, processing and selling industrial materials and nonwoven fabrics that employ various types of fibers as their raw materials.

By enhancing both companies’ product ranges in the civil engineering and construction materials fields, as well as supplementing market access, this share transfer will facilitate the reinforcement and growth of their existing businesses. The deal is also expected to result in the expansion of MAEDAKOSEN’s business domains by securing access to the piping materials sector, which is a new field of business for the company.

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