Acquisition of carbon fiber recycling companies in Europe
Mitsubishi Chemical Corporation (Head Office: Chiyoda-ku, Tokyo; President: Masayuki Waga; hereinafter referred to as "MCC"), as part of its efforts to promote the circular economy (an environmental initiative), has acquired a German company, CFK Valley Stade Recycling GmbH and Co. KG (hereinafter referred to as "CFK"), involved in recycling carbon fiber, and carboNXT GmbH (hereinafter referred to as "cNXT"), with mediation by Mitsubishi Chemical Advanced Materials AG (Head Office: Zurich, Switzerland; CEO: Michael Koch; hereinafter referred to as "MCAM"), which is a member of the MCC Group.