Mitsubishi Chemical Group Companies Japan Coating Resin and Toei Kasei to Merge

Mitsubishi Chemical Corporation (MCC; Head office: Chiyoda-ku, Tokyo; President: Masayuki Waga) will merge two of its wholly owned subsidiaries, Japan Coating Resin Corporation (JCR; Head office: Osaka-shi, Osaka; President: Hiroshi Nakai) and Toei Kasei Co., Ltd. (Toei Kasei; Head office: Chuo-ku, Tokyo; President: Hiroyuki Kuroda) into a single entity under the JCR name, effective October 1, 2021.

JCR’s strengths lie in its diverse resin emulsification techniques underpinned by water-based emulsion technologies. Toei Kasei’s strength is flexible operation utilizing small-quantity production systems for polymerization, formulation, and dispersion manufacturing of acrylic and other coating materials. Through this merger, the two companies will consolidate the knowledge and production technologies they have each accumulated in the coating materials business, enabling them to establish systems for supplying a wide range of high-added-value solutions.

MCC aims to expand and strengthen its coating materials business by continuing to leverage the comprehensive capabilities of the MCC Group to develop its operations.

Outline of companies to be merged

January 25, 2021

Company name

page1image1738037488Japan Coating Resin Corporation

Toei Kasei Co., Ltd.

Head office

Tradepia Yodoyabashi 5F, 5-8 Imabashi 2-chome, Chuo-ku, Osaka-shi, Osaka

Tosho Building 4F, 8-3 Nihombashi Honcho 3-chome, Chuo-ku, Tokyo

Capital

101.15 million yen

248.30 million yen

Representative

Hiroshi Nakai, President

Hiroki Kuroda, President

Number of employees

Approximately 225 (as of October 30, 2020)

Approximately 95 (as of October 30, 2020)

Businesses

• Development, manufacturing, and sales of synthetic resin emulsions and related powder emulsions

  • Manufacturing and sales of resins for acrylic coating materials
  • Contract manufacturing of various synthetic resin products with polymerization, formulation, and dispersion technologies

Production sites

Hirakata Plant (Hirakata-shi, Osaka) Ibaraki Plant (Ibaraki-shi, Ibaraki) Ogaki Plant (Ogaki-shi, Gifu)

Tsukuba Plant (Tsuchiura-shi, Ibaraki) Ono Plant (Tamura-gun, Fukushima)

Outline of new company after merger

Company name

Japan Coating Resin Corporation

Head office

Tradepia Yodoyabashi 5F, 5-8 Imabashi 2-chome, Chuo-ku, Osaka-shi, Osaka

Capital

101.15 million yen

Number of employees

Approximately 320 (aggregate of employees of each company as of October 30, 2020)

Businesses

  • Development, manufacturing, and sales of synthetic resin emulsions and related powder emulsions
  • Manufacturing and sales of resins for acrylic coating materials
  • Contract manufacturing of various synthetic resin products with polymerization, formulation,

    and dispersion technologies

For further information, please contact: Public Relations and Investor Relations Office Mitsubishi Chemical Holdings Corporation Tel: [+81] (0)3-6748-7140