A&M Styrene Co., Ltd. will begin operation
on October 1, as the new joint venture established by
Asahi Chemical and Mitsubishi Chemical for polystyrene.
The basic configuration of the joint
venture and its operations, as shown below in the corporate
profile, has emerged from the basic agreement reached
in April 1998 by Asahi Chemical and Mitsubishi Chemical
for the consolidation and merger of their polystyrene
operations, and the progress by both parent companies
in the accord for its establishment and growth.
Corporate Profile of New Joint Venture
- Company name:
A&M Styrene Co., Ltd.
- Trademark:
A&M Polystyrene
- President:
Hiroshi Susumago
Senior Managing Director, General Manager of Chemicals
& Plastics Administration, Asahi Chemical Industry
Co., Ltd.
- Vice president:
Toru Kodama
Board Director, General Manager of Industrial Chemicals
Department B, Industrial Chemicals Company, Mitsubishi
Chemical Corporation
- Head office:
4-1, Koishikawa 1-chome, Bunkyo-ku,
Tokyo 112-0002, Japan
Tel.: +81-3-5689-6543
- Paid-in capital:
300 million yen (equally by Asahi
Chemical and Mitsubishi Chemical)
- Scope of business:
Polystyrene marketing and sales,
production, and related R&D.
Operation to begin with domestic marketing and sale
of polystyrene; to be extended within approximately
one year to polystyrene production and related R&D,
upon their transfer from the parent companies.
- Operational start-up:
October 1, 1998
- Estimated sales:
Approx. 40,000 million yen/year
(initial period, domestic only)
- Employees:
Approx. 70 (initial period)
Current polystyrene production capacity of
parent companies
| Asahi Chemical: |
163,000 tons/year, Mizushima Plant
180,000 tons/year, Chiba Plant |
| Mitsubishi Chemical: |
200,000 tons/year, Yokkaichi Plant |
| Total: |
543,000 tons/year |
|
