December 17, 2015
TOKYO, December 17, 2015 _ Ube Industries, Ltd. today announced that it has decided to transfer its marketing and logistics operations for limestone-related products to Ube Material Industries, Ltd. (hereafter 'Ube Materials'). The change will be effective April 1, 2016 and encompasses the integration of marketing organizations. The details of the change are outlined below.
Overview of Business
Ube Industries engages in quarrying and external procurement of limestone, and manufactures and markets cement and limestone-related products.
Ube Materials manufactures and markets products made from raw material limestone, mainly supplied by Ube Industries. These products include quicklime (calcia) and magnesia clinker.
Purpose of the Transfer of Operations
The transfer of the marketing and logistics operations for limestone-related products from Ube Industries to Ube Materials, and the integration of marketing operations, will optimize the Ube Industries Group overall. At the same time, the Group will endeavor to increase net sales and profits by expanding (1) sales of limestone-related products for flue gas desulfurization, (2) sales of limestone aggregates, (3) sales of neutral stabilizers and heavy metal insolubilization materials for soil improvement, and (4) international business development.
The transfer does not encompass limestone quarrying operations or cement manufacturing and marketing, which will remain with Ube Industries.
Scope of Transfer and Schedule
Marketing and logistics operations for limestone-related products handled by Ube Industries, and related assets, will be transferred effective April 1, 2016.
Ube Industries made Ube Materials a wholly-owned subsidiary in 2013 through a share exchange, and has sought to maximize synergies by pursuing unified business strategies and realizing cost reductions. The integration of the marketing organizations for limestone-related products will further accelerate the strong collaboration between the companies, in aiming to further enhance the corporate value of the Ube Industries Group.
Company Data
Company NameUbe Industries, Ltd.Location1978-96 Kogushi, Ube, Yamaguchi, JapanRepresentativeYuzuru Yamamoto, President and Representative DirectorLine of BusinessProduction and sale of chemical products, construction materials, and machinery, etc.; import and sale of coal; provision of electric powerCapital¥58.4 billionDate of EstablishmentMarch 1942Company NameUbe Material Industries, Ltd.Location8-1 Aioi-cho, Ube, Yamaguchi, JapanRepresentativeMasanori Hirai, President and Representative DirectorShareholderUbe Industries, Ltd. (100%)Line of BusinessProduction and sale of magnesia clinker, lime-related products and fine materials, etc.Capital¥4.0 billionDate of EstablishmentSeptember 1949Investor Relations & Public Relations Department
Corporate Planning & Administration Office
Seavans North Building, 1-2-1 Shibaura, Minato-ku, Tokyo 105-8449
Phone : +81-3-5419-6110 Ube Material Industries, Ltd.
Corporate Planning & Administration Dept.
Phone : +81-836-31-0190
Ube Industries Ltd. issued this content on 2015-12-17 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2015-12-17 06:46:22 UTC
Original Document: http://www.ube-ind.co.jp/english/news/2015/20151217_01.htm