Acquisition of a North American compounding manufacturing base through the acquisition of PCTNA
First written in FY2021-Q1. 1 of 2 entries say "Advanced", first in FY2021. Latest entry: FY2021.
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- FY2021AdvancedAnnual report
「As a result of this acquisition, the Group will add its own compound manufacturing base in North America to its existing manufacturing bases in Japan, Thailand and Spain. Establishing a 4-region structure covering Japan, Asia, Europe and North America will enable global supply to automakers (OEMs) and automotive parts manufacturers (Tier 1 suppliers).」
PCTNA was acquired on 1 April 2020 with 100% of the voting rights, establishing a four-region operating structure spanning Japan, Asia, Europe and North America. - FY2021-Q1First statedAnnual report
「As a result of this acquisition, the Group will add its own compound manufacturing base in North America to its existing manufacturing bases in Japan, Thailand and Spain. Establishing a 4-region structure covering Japan, Asia, Europe and North America will enable global supply to automakers (OEMs) and automotive parts manufacturers (Tier 1 suppliers).」
On 1 April 2020, PCTNA was acquired for cash consideration and became a consolidated subsidiary with a 100% voting-rights ratio. The purposes were to expand injection-molding applications for the nylon 6 business, provide locally sourced materials in North America, and acquire compounding technology and expertise.