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| March 9, 2016 |
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Top Executives Named for Newly Formed
Asahi Kasei Mitsubishi Chemical Ethylene Corporation
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Mitsubishi Chemical Holdings Corporation
Asahi Kasei Corporation
Mitsubishi Chemical Holdings Corporation (Head office: Chiyoda-ku, Tokyo; President: Hitoshi Ochi) and its wholly owned subsidiary Mitsubishi Chemical Corporation (Head office: Chiyoda-ku, Tokyo; President: Hiroaki Ishizuka), and Asahi Kasei Corporation (Head office: Chiyoda-ku, Tokyo; President: Toshio Asano) and its wholly owned subsidiary Asahi Kasei Chemicals Corporation (Head office: Chiyoda-ku, Tokyo: Yuji Kobayashi) today announced the appointment of the following representatives of Asahi Kasei Mitsubishi Chemical Ethylene Corporation, which was announced in the press release titled “Establishment of a Joint Venture for Operation of Unified Naphtha Cracker in Mizushima” on May 28, 2015.
In addition, necessary regulatory approvals for the company’s establishment have been obtained, and operations will start on April 1.
Asahi Kasei Mitsubishi Chemical Ethylene Corporation
Top Executives (Effective April 1, 2016)
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Managerial position |
Current position |
Name |
President &
Representative Director
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General Manager,
Basic Chemicals Division,
Asahi Kasei Chemicals Corporation |
Makoto Sakamoto |
Vice President &
Representative Director
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Assistant to Chief Operation Officer,
Basic Petrochemicals Division,
Mitsubishi Chemical Corporation |
Hiroaki Numata |
Note: Both Sakamoto and Numata will be concurrently appointed as Representatives of Nishi Nippon Ethylene LLP as of the same date.
Reference: Company Outline
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Start of operation |
April 1, 2016 |
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Head office |
Uchisaiwai-cho, Chiyoda-ku, Tokyo |
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Paid-in capital |
¥2 billion
(Shareholding ratio: Mitsubishi Chemical 50%, Asahi Kasei Chemicals 50%) |
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Sales |
Approximately ¥140 billion |
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Business line |
Manufacture of basic petrochemicals for sale to its parent companies; procurement of feedstocks |
For further information, please contact:
Public Relations and Investor Relations Office
Mitsubishi Chemical Holdings Corporation
Tel: [+81] (0)3-6748-7140
Corporate Communications
Asahi Kasei Corporation
Tel: [+81] (0)3-3296-3008
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