TOKYO, April 1, 2016 _ Ube Industries, Ltd. today announced that it has integrated its three chemical subsidiaries in Spain, by merging UBE Chemical Europe, S.A.U. and UBE Engineering Plastics, S.A.U. into UBE Corporation Europe, S.A.U. (each headed by President Bruno De Bievre). The merger is effective March 31, 2016.
UBE Corporation Europe will continue to operate as a wholly-owned subsidiary of Ube Industries, Ltd., by absorbing its subsidiaries in Spain: UBE Chemical Europe and UBE Engineering Plastics.
UBE Corporation Europe is a holding company for the UBE Group in Europe that mainly oversees administrative operations for its two subsidiaries. UBE Chemical Europe manufactures and markets caprolactam, ammonium sulfate, and fine chemicals, and UBE Engineering Plastics manufactures and markets nylons.
In April 2015, Ube Industries launched a new Chemicals Company as part of an internal reorganization, by integrating the existing Chemicals & Plastics Company and Specialty Chemicals & Products Company. The reorganization of chemical units is aimed at rapidly restoring earnings from the chemicals segment, by accelerating the selective concentration of businesses in the chemicals segment and achieving the optimal allocation of business resources.
The UBE Group is also pursuing strategies for global expansion of the nylon business. In February 2015, UBE Engineering Plastics expanded its production capacity by 10,000 tonnes, bringing its current total capacity to 30,000 tonnes annually, with additional expansion plans under consideration. For caprolactam, which is used as a raw material to make nylon, the UBE Group is pursuing initiatives to enhance cost competitiveness.
The merger of the three Spanish subsidiaries will enhance the operational framework and achieve business efficiencies in Spain, as the UBE Group moves to further strengthen its business platform and secure growth.
| Name | UBE Corporation Europe, S.A.U. |
|---|---|
| Business Description | Manufacturing and marketing of nylon resin, caprolactam, ammonium sulfate, fine chemicals, and other products. |
| Established | August 1994 |
| Location | Castellon City, Valencia, Spain |
| President | Bruno De Bièvre |
| Capital Stock | 6,312,000 Euro |
| Shareholder | Ube Industries, Ltd. (100%) |
| Number of Employees | 417 |
| Name | UBE Corporation Europe, S.A.U. |
|---|---|
| Business Description | Holding company overseeing business operations of Ube Group in Europe |
| Established | August 1994 |
| Location | Castellon City, Valencia, Spain |
| President | Bruno De Bièvre |
| Capital Stock | 6,312,000 Euro |
| Shareholder | Ube Industries, Ltd. (100%) |
| Number of Employees | 172 |
| Production Capacity (tonnes) | - |
| Name | UBE Chemical Europe, S.A.U. |
|---|---|
| Business Description | Manufacturing and sales of caprolactam, ammonium sulfate, and fine chemicals |
| Established | July 1967 |
| Location | Castellon City, Valencia, Spain |
| President | Bruno De Bièvre |
| Capital Stock | 34 million Euros |
| Shareholder | UBE Corporation Europe, S.A.U. 90% UBE Chemical Europe, S.A.U. 10% |
| Number of Employees | 197 |
| Production Capacity (tonnes) | Caprolactam: 95,000 Ammonium sulfate: 400,000 Diol: 4,500 Polycarbonate diol: 6,000 |
| Name | UBE Engineering Plastics, S.A.U. |
|---|---|
| Business Description | Manufacturing and sales of nylon resins |
| Established | October 2001 |
| Location | Castellon City, Valencia, Spain |
| President | Bruno De Bièvre |
| Capital Stock | 13 million Euros |
| Shareholder | UBE Corporation Europe, S.A.U. 100% |
| Number of Employees | 48 |
| Production Capacity (tonnes) | Nylon resin: 30,000 |
