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| March 19, 2002 |
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| Start of Study on Integrating Activated Carbon
Business |
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| Mitsubishi Chemical Corporation |
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Mitsubishi Chemical Corporation (Head Office: Chiyoda-ku, Tokyo; President: Kanji
Shono) and Calgon Carbon Corporation (Pittsburgh, Pennsylvania, the USA; CEO:
J. A. Cederna) have recently agreed to study the possibility of establishing a
joint venture company for activated carbon business in Japan.
Specifically, the both companies will study about establishing a joint venture
company in the Japanese market by integrating the business conducted by Toyo Calgon
Co., Ltd. (Head Office: Minato-ku, Tokyo; President: Toshio Mano), a Japanese
subsidiary of Calgon Carbon, and the activated carbon business of Mitsubishi Chemical
aiming at July 1, 2002. Although the both companies have already agreed to jointly
operate the activated carbon business in Asia, they will discuss and decide the
details in 2003.
Mitsubishi Chemical has developed the business of activated carbon for water treatment
thoroughly covering from technology development to production and sales primarily
in the Japanese market. In addition, the company is making efforts to make the
activated carbon for gas phase use (for use to remove sulfuric acid and nitric
acid and to absorb dioxin) as a future pillar of profits.
Calgon Carbon is the world's largest-size activated carbon manufacturer, and it
also conducts recycling of activated carbon and sales of and service for environment
purification system devices. In the Japanese market, it develops its business
through Toyo Calgon.
The environment surround activated carbon is facing with severer competition as
the over supply situation continues but, on the other hand, there is a movement
for the environment purification-related demand to become in full scale due to
reinforcement of environmental regulations and the future growth is expected.
Under these circumstances, Calgon Carbon, which had been looking for a partner
in Asia, and Mitsubishi Chemical, which had been promoting to expand from its
business based on only activated carbon, agreed to study the possibility of integrating
the business of the both companies.
Outlines of Mitsubishi Chemical, Calgon Carbon, Toyo Calgon, and newly established
joint venture company are as follows:
<Mitsubishi Chemical Corporation (non-consolidated)> |
| 1. Head office |
: |
2-5-2 Marunouchi, Chiyoda-ku, Tokyo |
| 2. Line of business |
: |
Production and sales of basic petrochemical products,
synthetic fiber raw materials, carbon and agricultural chemicals, and specialty
chemicals |
| 3. Established |
: |
June 1, 1950 |
| 4. Paid-in capital |
: |
Yen 145 billion |
| 5. Total assets |
: |
Yen 1,078 billion |
| 6. Turnover |
: |
Yen 781.5 billion (for fiscal year ending in March
2001) |
| 7. Major plants |
: |
Kurosaki Plant (Fukuoka), Yokkaichi Plant (Mie),
Mizushima Plant (Okayama), etc. |
| 8. Research centers |
: |
Yokohama (Kanagawa) and Tsukuba (Ibaragi) |
| 9. Employee force |
: |
8,144 (as of the end of March 2001) |
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| <Calgon Carbon Corporation> |
| 1. Head office |
: |
400 Calgon Carbon Drive, Pittsburgh, Pennsylvania
15205, USA |
| 2. Line of business |
: |
Production and sales of activated carbon, provision
of services including Recycling of activated carbon, design, production and sales
of devices, and production and sales of activated carbon-related products for
public welfare |
| 3. Established |
: |
1940 (Current Calgon Carbon was established in 1985.) |
| 4. Paid-in capital |
: |
$ 63,826,000 |
| 5. Total assets |
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$339,640,000 |
| 6. Turnover |
: |
$268,983,000 (for fiscal year ending in December
2000) |
| 7. Major plants |
: |
Kentucky Plant, New Orleans Plant, and Pittsburgh
Plant |
| 8. Research center |
: |
Pittsburgh |
| 9. Employee force |
: |
1,000 (as of the end of December 2000) |
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| <Toyo Calgon Co., Ltd.> |
| 1. Head office |
: |
1-6-8 Akasaka, Minato-ku, Tokyo |
| 2. Line of business |
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Import, sales and leasing of activated carbon, recycling
of activated Carbon, and sales of units and system to absorb activated carbon |
| 3. Established |
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January 1979 |
| 4. Paid-in capital |
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Yen 250 million |
| 5. Total assets |
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Yen 1,400 million |
| 6. Turnover |
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Yen 1,400 million (for fiscal year ending in December
2001) |
| 7. Plant |
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Fukui Plant (Fukui) |
| 8. Research center |
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Fukui |
| 9. Employee force |
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22 (as of the end of December 2001) |
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| <Toyo Calgon Co., Ltd.> |
| 1. Company name |
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Not decided yet |
| 2. Start of operation |
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July 1, 2002 (plan) |
| 3. Business integration |
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July 1, 2002 (plan) |
| 4. Head office |
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Tokyo (plan) |
| 5. Plants |
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Kurosaki (Mitsubishi Chemical Kurosaki Plant) and
Fukui (Toyo Calgon Fukui Plant) |
| 6. President |
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Not decided yet |
| 7. Paid-in capital |
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Not decided yet (Mitsubishi Chemical: 51%, Calgon:
49% -- plan) |
| 8. Line of business |
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Production, sales, and recycling of activated carbon,
and sales and service of related devices and systems |
| 9. Annual turnover |
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Approximately Yen 7 billion (plan) |
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| For further information, please contact |
| Public Relations Dept., |
| Mitsubishi Chemical Corporation |
| Tel: [+81] 3-3283-6254 |
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