Signing of Agreement for Business Transfer of
Maleic Anhydride and Fumaric Acid

July 3, 2014
Mitsui Chemicals, Inc.
Fuso Chemical Co., Ltd.

Mitsui Chemicals, Inc. (“MCI”), with its Head Office in Tokyo (Tsutomu Tannowa, President & CEO) and Fuso Chemical Co., Ltd. (“Fuso”), with its Head Office in Osaka (Ryota Akazawa, President), announced the signing of an agreement to transfer MCI’s organic acids business to Fuso following discussions pursuant to the May 16th announcement regarding the business succession (see note).

Outline of business succession

Category Details
Production capacity Maleic anhydride: 32,000 tons/annual
Fumaric acid: 15,000 tons/annual
Production site Mitsui Chemicals Kashima Works (Kamisu City, Ibaraki Prefecture)
Sales Approximately 5 billion yen/annual
Transfer amount Over 1 billion yen including inventories, fixed assets, etc.
(final decision to be made at transfer)
Transfer date Business rights: October 1, 2014
Production facility: After dismantling of TDI facilities (target: first half of fiscal 2017)
(Mitsui Chemicals will manufacture under contract and supply Fuso with the two products until transfer of production facilities is finalized.)

Note:

May 16, 2014 Release “Agreement for Business Transfer of Maleic Anhydride and Fumaric Acid“

Mitsui Chemicals website: https://www.mitsuichem.com/jp/release/2014/2014_0516.htm
Fuso Chemical website: http://www.fusokk.co.jp/up/ir/dat1120/file01cEfDf9cDg3.pdf


Attachment

Signing of Agreement for Business Transfer of Maleic Anhydride and Fumaric Acid (PDF:35.6KB)PDF