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| October 28, 2002 |
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| ANNOUNCEMENT ON THE INTENTION TO TRANSFER THE PRINTING PLATE BUSINESS TO KPG |
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| Mitsubishi Chemical Corporation |
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Mitsubishi Chemical Corporation reached a basic agreement with Kodak Polychrome Graphics Japan Ltd.(hereinafter referred to as KPG) that Mitsubishi Chemical Corporation and Mitsubishi Chemical Media Co., Ltd. (hereinafter referred to as MKM), the subsidiary company 100% owned by Mitsubishi Chemical, will transfer its business of its offset printing plate to KPG.. The target date of this transfer will be December 1, 2002.
Mitsubishi Chemical group started its PS plate business in 1979, and acquired the stock of Western Lithotech in USA in 1987. Since then, Mitsubishi Chemical has been operating the plate business in the world. In April 2002, we transferred the stock of Western Lithotech to Lastra America. As part of the selecting and focusing of business resources, Mitsubishi Chemical Group will transfer its rights of manufacturing, sales, and related technologies in Japan, and sales right in Asia to KPG.
Regarding this business transfer, KPG will basically succeed the way of business operation which Mitsubishi Chemical Group has been developing. In order to supply the same customer satisfaction to customers, it is planned that any sales and technical employees working for this plate business will be seconded to KPG (Japan), so that the existing customer service will be continued through the existing sales channels. Mitsubishi Chemical will continue to manufacture CTP plate and conventional plates on contract basis from KPG at its Kashima Plant, Japan.
MKM will focus the business related to optical disc after transferring the plate business to KPG.
| For further information, please contact |
| Public Relations & Investors Relations Department |
| Mitsubishi Chemical Corporation |
| Tel: [+81]-(0)3-3283-6274 |
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