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Ube Industries and Mitsubishi Heavy Industries Complete Merger of their Group Companies in Injection Molding Machine Businesses

Tokyo, January 5, 2017 _ On January 1, Ube Machinery Corporation, Ltd., a group company of Ube Industries, Ltd., and Mitsubishi Heavy Industries Plastic Technology Co., Ltd., a group company of Mitsubishi Heavy Industries, Ltd. (MHI), completed a transfer of shares relating to their respective businesses in injection molding machines. The transfer was the result of ongoing discussions following the signing of an agreement on July 29, 2016 toward integration of the two companies’ related business operations.

As a result of the share transfer, Mitsubishi Heavy Industries Plastic Technology Co., Ltd. has relaunched operations under a new structure and a new corporate name: U-MHI Platech Co., Ltd. (U-MHIPT). Simultaneously, Ube Machinery has begun operations at a newly established entity, named U&M Plastic Solutions Co., Ltd., charged with marketing products produced by both Ube Machinery and U-MHIPT.

The injection molding machine business environment is becoming increasingly severe in both the Japanese and global markets. Through the integration of their businesses in this field, Ube Industries and MHI have opted to combine their respective strengths in technologies, product lineup, and sales and servicing networks in order to pursue enhanced strength in sales, servicing, development, and production technology. By adding value through reduced manufacturing costs and timely anticipation of customer needs, the two companies target business expansion in the global market for injection molding machines.

The newly created U&M Plastic Solutions will offer technical guidance and consulting services related to the molding of plastic products, and will be supported by the marketing strength of both brands. Working closely with customers, the company will swiftly respond to on-site needs and resolve associated issues to help customers produce superior plastic products.

By bringing together their key strengths, U-MHIPT and U&M Plastic Solutions, will offer superlative proposals and deliver products and services of great satisfaction to customers around the world, offering more advanced technological capabilities, product lineup and product servicing.

Outline of the three group companies

1.-Company Name

Ube Machinery Corporation, Ltd.

Location

1980 Okinoyama, Kogushi, Ube, Yamaguchi Pref.

President

Yukio Hisatsugu

Business scope

Manufacture, sales, servicing and maintenance of die casting machines, injection molding machines, extrusion presses, vertical mills, kilns, furnaces, dryers, storage and transportation systems, dust collectors, bridges, floodgates, steel structures, and other industrial machinery

Capital

6.7 billion yen

Establishment

September 1999

Principal shareholder (equity stake)

Ube Industries, Ltd. (100%)

Employees

1,000 (as of January 1, 2017)

Sales

45 billion yen (FY2015)

2.-.Company Name

U-MHI Platech Co., Ltd.

Location

1 Aza Takamichi, Iwatsuka, Nakamura-ku, Nagoya, Aichi Pref.

President

Koji Kubota

Business scope

Design, manufacture, sales and servicing of injection molding machines, auxiliary equipment, dies and parts Engineering, retrofitting, repair, technical guidance and consulting for the above products

Capital

450 million yen

Establishment

April 2005

Principal shareholders (equity stake)

Ube Machinery Corporation, Ltd. (85%) Mitsubishi Heavy Industries, Ltd. (15%)

Employees

139 (as of January 1, 2017)

Sales

10 billion yen (FY2015)

3.-Company Name

U&M Plastic Solutions Co., Ltd.

Location

1980 Okinoyama, Kogushi, Ube, Yamaguchi Pref.

President

Junichi Yonehara

Business scope

Marketing of injection molding machines and related parts, dies, devices and systems Studies, technical guidance and consulting relating to molding of plastic products

Capital

30 million yen

Establishment

November 2016

Principal shareholder (equity stake)

Ube Machinery Corporation, Ltd. (100%)

Employees

25 (as of January 1, 2017)

Offices

Tokyo, Nagoya, Osaka, Ube

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