Ube Machinery Corporation, Ltd. (President: Hironori Miyauchi), a consolidated subsidiary of Ube Industries, Ltd. (President: Masato Izumihara), today announced it plans to absorb two of its subsidiaries by merger, as part of a realignment of its injection molding machine business. The two subsidiaries to be absorbed into Ube Machinery are U-MHI Platech Co., Ltd. (President: Koji Kubota) and U&M Plastic Solutions Co., Ltd. (President: Junichi Yonehara).
In conjunction with the merger, Ube Machinery also decided to merge UBE Machinery Inc. (UMI, President: Ichiro Motoki) and U-MHI Platech America Inc. (President: Yasuhiro Inoue), both of which are Ube Machinery’s North American subsidiaries. The details of the mergers are as follows.
The realignment of the injection molding machine business is scheduled to be executed on August 1, 2020. In advance of this date, Mitsubishi Heavy Industries, Ltd. (President & CEO: Seiji Izumisawa) will transfer 15% of the shares in U-MHI Platech to Ube Machinery, which will make U-MHI Platech into a wholly-owned subsidiary of Ube Machinery.
Ube Machinery obtained 85% of the shares in U-MHI Platech from Mitsubishi Heavy Industries on January 1, 2017. Ube Machinery has endeavored to combine the respective technologies, product lineups, and sales and servicing networks of Ube Machinery and U-MHI Platech to expand the injection molding machine business in the global market.
At the same time, the business conditions for the injection molding machine business have become increasingly challenging both in and outside of Japan. In order to further expand the business in the global market, there is a need to further strengthen the product development, manufacturing, and servicing to supply new value to customers.
On August 1, 2020, U-MHI Platech will move from its manufacturing facility in Iwatsuka, Nagoya City to a new facility in Oe, Nagoya City, commencing operations at the tentatively-named Nagoya Factory. By establishing an efficient manufacturing framework for the global market that encompasses North America, the Ube Machinery Group will be better positioned to supply its global customer base with quality products. With the realignment, Ube Machinery will aim to increase its presence and expand its business in the injection molding machine market.
August 1, 2020
In Japan : Merger with Ube Machinery being the surviving company. U-MHI Platech and U&M PlasticSolutions will be dissolved.
In the US : Merger with UMI being the surviving company. U-MHI Platech America will be dissolved.
|Name||Ube Machinery Corporation, Ltd.|
|Location||1980, Okinoyama, Kogushi, Ube City, Yamaguchi Prefecture|
|Representative||Hironori Miyauchi, President|
|Manufacturing, sales, servicing, and maintenance of die casting machines, injection molding machines, extrusion presses, vertical mills, kilns, bulk handling machines, water screening equipment, bridges, floodgates, steel structures and other industrial machinery|
|Capital Stock||6,700 million yen|
|Shareholder||Ube Industries, Ltd. (100%)|
|1,003 (As of January 1, 2020)|
|Absorbed Company||Absorbed Company|
|Name||U-MHI Platech Co., Ltd.||U&M Plastic Solutions Co., Ltd.|
|Location||1 Aza Takamichi, Iwatsuka-cho, Nakamura-ku, Nagoya City, Aichi Prefecture||1980, Okinoyama, Kogushi, Ube City, Yamaguchi Prefecture|
|Representative||Koji Kubota, President||Junichi Yonehara, President|
|Capital Stock||450million yen||30million yen|
|Established||April 2005||November 2016|
|Shareholder||Ube Machinery Corporation, Ltd. (85%)
Mitsubishi Heavy Industries, Ltd. (15%)*
|Ube Machinery Corporation, Ltd. (100%)|
|183 (As of January 1, 2020)||26 (As of January 1, 2020)|
* Ahead of the merger, Ube Machinery will obtain 15% of the shares in U-MHI Platech from Mitsubishi Heavy Industries, making U-MHI Platech into a wholly-owned subsidiary.
|Surviving Company||Absorbed Company|
|Name||UBE Machinery Inc.||U-MHI Platech America, Inc.|
|Location||5700 S.State Street, Ann Arbor, MI 48108, U.S.A.||1051 Ardmore Ave, Itasca, IL 60143, U.S.A.|
|Representative||Ichiro Motoki, President||Yasuhiro Inoue, President|
|Capital Stock||US$17.0 million||US$1.00|
|Established||September 1992||October 2016|
|Shareholder||Ube Machinery Corporation, Ltd. (100%)||U-MHI Platech Co., Ltd. (100%)|
|48 (As of January 1, 2020)||18 (As of January 1, 2020)|