Mitsui Chemicals, Inc. (Tokyo: 4183; President & CEO: HASHIMOTO Osamu) today announced that it has signed an agreement to transfer its entire shareholding in wholly owned subsidiary Mitsui Chemicals Industrial Products Ltd. (Bunkyo-ku, Tokyo; President: TACHIBANA Akihiro) to MAEDAKOSEN CO., LTD. (Tokyo: 7821; President and Representative Director: MAEDA Takahiro). The transfer is scheduled to take place on April 1, 2025.

Since its founding in 1964, Mitsui Chemicals Industrial Products has contributed to society as a comprehensive supplier of industrial materials, providing products and systems that leverage the Mitsui Chemicals Group’s materials and technologies. Today, it holds a large share of the Japanese markets for civil engineering, construction and piping materials, and has established a strong position as a manufacturer of industrial materials.

Founded in 1972, MAEDAKOSEN has enlarged its business as a company engaged in the preparation and maintenance of infrastructure (social infrastructure) by manufacturing and selling civil engineering materials, in addition to manufacturing, processing and selling industrial materials and nonwoven fabrics that employ various types of fibers as their raw materials.

By enhancing both companies’ product ranges in the civil engineering and construction materials fields, as well as supplementing market access, this share transfer will facilitate the reinforcement and growth of their existing businesses. The deal is also expected to result in the expansion of MAEDAKOSEN’s business domains by securing access to the piping materials sector, which is a new field of business for the company.