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| May 27, 1996 |
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| Establishment of Joint Venture for ABS Resin
Operations |
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2-11-24 Tsukiji, Chuo-ku, Tokyo
Japan Synthetic Rubber Co., Ltd.
President : Eiichi Matsumoto
2-5-2 Marunouchi, Chiyoda-ku, Tokyo
Mitsubishi Chemical Corporation
President : Akira Miura |
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The Japan Synthetic Rubber Co., Ltd. and Mitsubishi Chemical Corporation have
concluded a joint venture contract for the integration of ABS resin operations
at both companies, under which a new company will be established.
| 1. Company Name |
Techno Polymer Co., Ltd. |
| 2. Head Office |
Yaesu Katagai Bldg.
1-18-1 Kyobashi, Chuo-ku, Tokyo |
| 3. Officers |
President: Kenjiro Dai
(will continue to serve as Managing Director of Japan Synthetic Rubber Co., Ltd.)
Executive Managing Director: Noriaki Iwanaga
(will continue to serve as Director of Mitsubishi Chemical Corporation) |
| 4. Establishment |
July 1, 1996 |
| 5. Commencement of Business |
October 1, 1996 |
| 6. Capital |
3 billion yen |
| 7. Equity Share |
Japan Synthetic Rubber Co., Ltd. : 60%,
Mitsubishi Chemical Corporation : 40% |
| 8. Business Lines |
| (1) Products : |
ABS, AS, AES, MBS |
| (2) Activities : |
All areas of business, including production,
processing, sales and research and development.
(However, in the initial stage after establishment of the company, the two parent
companies will operate the production facilities.) |
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| 9. Employees |
Approx. 280 (excluding production-related personnel) |
| 10. Sales |
Approx. 56.0 billion yen |
| For further information, please contact |
| Japan Synthetic Rubber Co., Ltd., |
| General Affairs Division, Public Relations
Dept., |
| Tel: [+81] 3-5565-6519 |
| Mitsubishi Chemical Corporation, |
| Public Relations Dept., |
| Tel: [+81] 3-3283-6274 |
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