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Business alliance3591WACOAL HOLDINGS CORP.Materials and Chemicals

Wacoal Partners with BASF to Step Up Melooop’s Expansion into the Automotive Sector

Wacoal has begun developing applications for automotive parts by combining its proprietary “Melooop” technology with BASF’s Elastollan® TPU material. It has developed an armrest concept model, which will be exhibited at a trade show.

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Agreements reached under this partnership

Business alliance
3591WACOAL HOLDINGS CORP.
Alliance partnerBASF Japan Ltd.
Details of the alliance
  1. 1

    The companies have been pursuing joint development of bra-cup applications using BASF’s thermoplastic polyurethane (TPU) material, Elastollan®

  2. 2

    They have begun expanding into the automotive sector as a new application for “Melooop”

  3. 3

    They have developed a concept model intended for use as an armrest

These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.

About the partner
Business DescriptionChemical manufacturer. Headquartered in Ludwigshafen, Germany, BASF is an integrated chemical company serving almost every industry worldwide.
LocationChuo-ku, Tokyo
Impact on Business Performance

The companies will promote the practical implementation of “Melooop,” creating new value and expanding their business scope

Agreements reached under this partnership
ItemDetails
Name of alliance partnerBASF Japan Ltd.
Alliance partner's business activitiesChemical manufacturer. Headquartered in Ludwigshafen, Germany, BASF is an integrated chemical company serving almost every industry worldwide.
Alliance partner's locationChuo-ku, Tokyo
Type of allianceBusiness alliance
Details of the allianceThe companies have been pursuing joint development of bra-cup applications using BASF’s thermoplastic polyurethane (TPU) material, Elastollan®, They have begun expanding into the automotive sector as a new application for “Melooop”, They have developed a concept model intended for use as an armrest
Impact on Business PerformanceThe companies will promote the practical implementation of “Melooop,” creating new value and expanding their business scope
Items this document does not state (17)
Alliance partner's capitalAlliance partner's net salesAlliance partner's operating incomeNumber of shares acquiredAcquisition priceShareholding ratioOverview of the joint ventureOwnership ratioDispatch of directors and officersContract PeriodNumerical targets under the allianceShareholding PolicyDate of board resolutionContract DateAlliance start dateShare Acquisition Date and Payment DateChange in major shareholders

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To expand the applications of “Melooop.” The technology’s features are well suited to the performance requirements and design needs of automotive parts, and combining it with BASF’s material is expected to enable three-dimensional structures with flexibility and functionality, as well as weight reduction, greater design flexibility and recyclability.

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Wacoal Partners with BASF to Step Up Melooop’s Expansion into the Automotive Sector | WACOAL HOLDINGS CORP. (3591) timely disclosure | Komori