Notice Regarding the Integration of a Group Companies' Business Hayashibara Co., Ltd. and Nagase ChemteX Corporation's Bio-related Business to be Consolidated
January 17, 2023 at 10:37 am EST
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Nagase & Co., Ltd. (Head office: Chiyoda-ku, Tokyo; Representative Director and President: Kenji Asakura; hereinafter 'NAGASE') will, as of April 1, 2023, complete the integration (hereinafter 'the Integration') of its subsidiaries, Hayashibara Co., Ltd. (Head office: Okayama; Representative Director: Naoki Yasuba; hereinafter 'Hayashibara') and the bio-related business of Nagase ChemteX Corporation (Head office: Osaka; President and CEO: Satoru Fujii; hereinafter 'Nagase ChemteX').
In the Integration, Hayashibara will inherit Nagase ChemteX bio-related business operated at its Fukuchiyama Plant (Fukuchiyama, Kyoto). Through the Integration, the NAGASE Group will unify its biotechnologies and grow its bio-related business, which is positioned as a key field in the Group's medium-term management plan ACE 2.0, as a long-term core business of the Group.
Having set forth its Vision 'We will contribute to a sustainable world where people live with peace of mind,' the NAGASE Group will make every effort to realize this vision by strengthening its bio-related business.
Nagase & Co Ltd is a Japan-based company mainly engaged in the import, export, manufacture and sale of a wide range of products. The Company operates through five business segments. Functional Materials segment offers raw materials for paints, inks, adhesives, and other products. Processed Materials segment offers dyes, pigments, functional pigments, resins, automotive repair and conductive paints and others. Electronics and Energy segment offers modified epoxy resins, fluorine products, and materials and equipment for semiconductor, display, as well as energy management system proposals, battery evaluation and healthcare services. Mobility segment offers general synthetic resins, and other materials and parts for automobile. Life-related segment offers raw materials for pharmaceuticals and agrochemicals, food additive, cosmetic additives, and radiation measurement service. The Company also offers logistics services, information processing and other professional services.
Notice Regarding the Integration of a Group Companies' Business Hayashibara Co., Ltd. and Nagase ChemteX Corporation's Bio-related Business to be Consolidated