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UBE INDUSTRIES / MITSUBISHI MATERIALS CORPORATION / JV

M.10030

UBE INDUSTRIES / MITSUBISHI MATERIALS CORPORATION / JV
January 12, 2021
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Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

SECTION 1.2

Description of the concentration

1. Ube Industries, Ltd. (Ube Industries) is a Japanese company incorporated in Ube, Yamaguchi Prefecture, Japan. Ube Industries is active in the manufacture and sale of chemicals, construction materials and machinery. Ube Industries operates a global network of plants and sales offices.

2. Mitsubishi Materials Corporation (Mitsubishi Materials) is a Japanese company incorporated in Tokyo, Japan. Mitsubishi Materials is active in the manufacture and sale of copper and copper alloy products, electronic materials and components, cemented carbide products and sintered parts, and cement and ready-mixed concrete, smelting, refining and sale of copper, gold and silver. Mitsubishi Materials also has energy-related, environmental, and recycling-related businesses. Mitsubishi Materials is active globally.

3. Ube Industries and Mitsubishi Materials have entered into an agreement for the establishment of a full-function 50/50 joint venture constituting a market-facing and autonomous cement business.

4. The Joint Venture will manufacture, process, sell, purchase, import and export cement and other ceramic products, civil engineering and construction materials. The Joint Venture’s activities will be focused on Japan, Asia Pacific and the United States (US). The Joint Venture will have its own personnel dedicated to the conduct of these activities.

Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË

Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.

EUC

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