Mitsui Chemicals & SKC Polyurethanes Inc. Commences Operations

July 1, 2015
Mitsui Chemicals, Inc.
SKC Co., Ltd
Mitsui Chemicals & SKC Polyurethanes Inc.

Mitsui Chemicals (Tokyo:4183; President & CEO: Tsutomu Tannowa) and SKC Co., Ltd. (Seoul, Korea; CEO: Khee Bong Jeong) announced that Mitsui Chemicals & SKC Polyurethanes Inc. (“MCNS”), an equally-owned joint venture of the two companies, started operations today.

MCNS, as a global comprehensive manufacturer of polyurethane materials, will capitalizes on the premium strengths of its two parent companies to “strengthen competitiveness in existing business”, “explore new business chances globally”, and “maximize synergy in marketing, R&D, and production”. In line with its basic strategies, MCNS will create more customer value through providing high quality products and services to become a global leading company in the polyurethane industry.

In fiscal 2020, MCNS will strive to enhance and maximize its integrated synergies to achieve target sales of US$2 billion and earnings before tax (EBT) of US$150 million.

Outline of MCNS

Company name Korea Mitsui Chemicals & SKC Polyurethanes Inc. (MCNS)
Japan Mitsui Chemicals & SKC Polyurethanes Inc. (MCNS-J)
Business Development, manufacturing, and sales of polyurethane materials (TDI, MDI, PPG, System products)
Head office of global operations 17F-A, Kyobo Tower, 465, Gangnam-daero, Seocho-Gu、Seoul, Korea
TEL:+82-2-3787-1234
Shareholding ratio Korea Mitsui Chemicals 50% : SKC 50%
Japan MCNS 100%
Capital Korea 70 billion Korean won
Japan 18 billion Japanese yen

※Please see reference materialspdf for list of officers and group organization.


Attachment

Mitsui Chemicals & SKC Polyurethanes Inc. Commences Operations (PDF : 350.9KB)PDF
Reference Materialspdf