Ube Industries Ltd. (TYO:4208) announced on April 8 that its consolidated subsidiary Ube Corporation Europe SAU (UCE) has decided to acquire Spanish compound manufacturer Repol SL. The companies have agreed to a share transfer on the basis of a deal for UCE to acquire a majority of Repol’s shares in late March. Based in Valencia, Spain, Repol operates a European...
JSR Corp. (TYO:4185), Mitsubishi Chemical Corp. and Ube Industries Ltd. (TYO:4208) have announced delays to the integration of Techno Polymer Co. Ltd.’s and UMG ABS Ltd.’s acrylonitrile butadiene styrene (ABS) resin businesses. Techno Polymer is a wholly-owned subsidiary of JSR, while Ube Industries and Mitsubishi Chemical each hold 50 percent shares in UMG ABS. The parent companies had originally planned...
Ube Industries Ltd.’s (TYO:4208) polybutadiene rubber (BR) business is robust. The company’s manufacturing plants in Japan and Thailand both produce BR at full capacity and all of this BR continues to sell. Ube Industries’ Malaysian plant has obtained certification from tire manufacturers and will start the full-scale supply of BR products in the current fiscal year. Demand for BR products...
Ube Industries Ltd.’s (TYO:4208) butadiene rubber (BR) joint venture factory in Malaysia, Lotte Ube Synthetic Rubber Sdn. Bhd. (LUSR), expects to start fully operating in the second half of the current fiscal year. Synthetic rubber is one of the business areas designated for aggressive expansion in Change & Challenge 2018, Ube Industries’ three-year medium-term business plan launched in fiscal 2016....
Ube Industries Ltd. (TYO:4208) has released its business results for the fiscal year ending March 2017. The company saw sales of 616.56 billion yen ($5.44 billion), a year-on-year decrease of 3.9 percent; operating profit was down at 34.96 billion yen, a 15.6-percent decline; ordinary income dropped to 33.35 billion yen, a 15.8-percent decline; and net profits rose to 24.19 billion...
Ube Industries Ltd. (TYO:4208) will raise its prices of polyamide 6, polyamide 66 and polyamide 12 (Ubesta), starting with shipments on April 20. The scope of the price increase is 50 yen ($0.45) per kilogram for polyamide 6 and polyamide 66, while polyamide 12 will see a price hike of 100 yen. The increases come as Ube Industries aims to...
