Hitachi Chemical Co Ltd : Shin-Kobe Electric Machinery's Sales, Business Planning, and Research & Development Operations to be Transferred and Integrated into Hitachi Chemical's Operations
February 21, 2013 at 02:49 am EST
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February 21, 2013
Hitachi Chemical Co., Ltd.
Shin-Kobe Electric Machinery Co., Ltd.
Shin-Kobe Electric Machinery's Sales, Business Planning, and Research & Development Operations to be Transferred and Integrated into Hitachi Chemical's Operations - Move Expected to Maximize Synergies on Both Sides, and further Accelerate the Strengthening and Expansion of Overall Group Businesses -
Hitachi Chemical Co., Ltd. (Head Office: TOKYO; President and CEO: Kazuyuki Tanaka ; hereinafter referred to as "Hitachi Chemical") and Shin-Kobe Electric Machinery Co., Ltd. (Head Office: TOKYO; Representative Director and President: Shigeru Ito; hereinafter referred to as "Shin-Kobe") have made a decision to transfer and integrate Shin-Kobe's sales, business planning, and research & development operations into Hitachi Chemical on April 1. In this way, Shin-Kobe will become a manufacturing company specializing in the product development and design functions.
1. Purpose
The Hitachi Chemical Group has aggressively promoted the supply of optimal solutions for customers, centering on four business areas with high growth potential where the company enjoys technological prowess, namely "Telecommunications & displays", "Environment & energy", "Life sciences", and "Automobiles & transportation infrastructure". As a part of this strategy, Hitachi Chemical has made Shin-Kobe a wholly-owned subsidiary last year, and undertaken to further strengthen its business.
Following a study of ways to maximize the synergies of the two companies, it has been determined that Shin-Kobe will transfer the following business areas and activities to Hitachi Chemical, which will then be integrated into the latter's operations: sales, business planning, and research & development operations for industrial batteries and devices, automotive batteries, forklifts batteries, capacitors, evaporated films, molded plastics, laminated sheets for PCBs and electronic insulation, and sheet-formed products. The following benefits are expected to result:
1) Hitachi Chemical Group has many overseas manufacturing and sales offices. By using this network to rapidly establish sales and technical service as well as other systems at foreign locations, it will be possible to meet the various needs of customers conducting business globally.
2) By utilizing Hitachi Chemical's wide range of fundamental technology including materials technology to accelerate the integrated businesses to enhance existing products' properties and develop new products, it will be possible to further strengthen the capability to propose solutions meeting the wide-ranging needs of customers.
3) Shin-Kobe will become a manufacturing company specializing in the product development and design functions, and will, as a company with large responsibility for managing one of the Hitachi Chemical Group core businesses, be able to strengthen product development and system engineering capabilities based on manufacturing.
2. Business areas to be transferred
Sales, business planning, and research & development operations relating to industrial batteries and devices, automotive batteries, forklifts batteries, capacitors, evaporated films, molded plastics, laminated sheets for PCBs and electronic insulation, and sheet-formed products (*1).
*1
Research & development operations relating to batteries were transferred and integrated into Hitachi Chemical's operations as of October 1, 2012.
3. Planned schedule
Late February, 2013
:
Conclusion of final contract for the transfer of business operations from Shin-Kobe to Hitachi Chemical
April 1, 2013
:
Date for business integration
4. Outline of Hitachi Chemical and Shin-Kobe
Company name
Hitachi Chemical Co., Ltd.
Shin-Kobe Electric Machinery Co., Ltd.
Location
GRANTOKYO SOUTH TOWER, 1-9-2, Marunouchi, Chiyoda-ku, Tokyo, (*2)
Hitachi Chemical Company, Ltd. is mainly engaged in the manufacture, process and sale of functional materials, advanced components and systems. The Company operates in two segments. The Functional Materials segment provides electronic materials such as semiconductor die bonding materials and epoxy molding compounds, electrical insulating varnishes; inorganic materials such as carbon products and others; resin materials such as adhesive films, films for display circuit connection and others, and wiring board materials such as copper clad laminates and photo-sensitive films. The Advanced Component and System segment offers automobile parts such as resin molded articles, friction materials and powder metallurgy products; storage devices and systems such as vehicle batteries and industrial batteries and systems; electronic components including wiring boards, as well as other products such diagnostic equipment.
Hitachi Chemical Co Ltd : Shin-Kobe Electric Machinery's Sales, Business Planning, and Research & Development Operations to be Transferred and Integrated into Hitachi Chemical's Operations
HITACHI CHEMICAL COMPANY, LTD. 
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