-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
- Cosmetic Ingredient
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
According to foreign media reports, the Japanese energy group Eneos has agreed to acquire the elastomer business of Japan Synthetic Rubber Co.
, Ltd.
(JSR), including the production and sales of synthetic rubber
.
As part of the agreement, JSR will establish a new company and transfer shares in the elastomer business and its subsidiaries and branches to the new company
.
After that, Inners is expected to acquire all the shares of the new company on April 1, 2022, making it a wholly-owned subsidiary
.
The two parties have reached an agreement, and the enterprise value of this part of the business is determined to be 1.
06 billion U.
S.
dollars
.
In the fiscal year ended March 31, its operating loss reached 105 million U.
S.
dollars, while sales were 1.
3 billion U.
S.
dollars, a year-on-year decrease of 20%
.
JSR has been carrying out structural reforms in the elastomer business area, including cost reduction (for example, rationalization of raw material costs and distribution costs)
.
Introns stated that the acquisition is based on the expected completion of a cost-cutting measure of US$55 million
.
In fiscal year 2020, JSR’s elastomer business contributed 21% of the group’s total sales, including styrene butadiene rubber, polybutadiene rubber, polyisoprene, nitrile rubber, butyl rubber, ethylene propylene rubber and Product portfolio such as thermoplastic elastomers
.
Introns stated that the key reason behind the acquisition is that the company's SSBR material is "indispensable to the transportation industry
.
" In its statement, it said: "No matter how the (vehicle) power source and form changes, tires are required, and the elastomer business is an area
that is expected to grow in the future .
" It is reported that this acquisition is the long-term vision of Intensive in 2040.
Part of this vision—this vision enables the group to focus on high-performance materials as a growth area
.
The predecessor of JXTG is JXTG Japan Petroleum Energy Co.
, Ltd.
, headquartered in Tokyo, it is a major oil company in Japan
.
, Ltd.
(JSR), including the production and sales of synthetic rubber
.
As part of the agreement, JSR will establish a new company and transfer shares in the elastomer business and its subsidiaries and branches to the new company
.
After that, Inners is expected to acquire all the shares of the new company on April 1, 2022, making it a wholly-owned subsidiary
.
The two parties have reached an agreement, and the enterprise value of this part of the business is determined to be 1.
06 billion U.
S.
dollars
.
In the fiscal year ended March 31, its operating loss reached 105 million U.
S.
dollars, while sales were 1.
3 billion U.
S.
dollars, a year-on-year decrease of 20%
.
JSR has been carrying out structural reforms in the elastomer business area, including cost reduction (for example, rationalization of raw material costs and distribution costs)
.
Introns stated that the acquisition is based on the expected completion of a cost-cutting measure of US$55 million
.
In fiscal year 2020, JSR’s elastomer business contributed 21% of the group’s total sales, including styrene butadiene rubber, polybutadiene rubber, polyisoprene, nitrile rubber, butyl rubber, ethylene propylene rubber and Product portfolio such as thermoplastic elastomers
.
Introns stated that the key reason behind the acquisition is that the company's SSBR material is "indispensable to the transportation industry
.
" In its statement, it said: "No matter how the (vehicle) power source and form changes, tires are required, and the elastomer business is an area
that is expected to grow in the future .
" It is reported that this acquisition is the long-term vision of Intensive in 2040.
Part of this vision—this vision enables the group to focus on high-performance materials as a growth area
.
The predecessor of JXTG is JXTG Japan Petroleum Energy Co.
, Ltd.
, headquartered in Tokyo, it is a major oil company in Japan
.
