UBE Mitsubishi Cement Production Structure Review (Aomori Plant Suspension and Isa Plant Scale-Down)
First written in FY2023-Q2. 1 of 3 entries say "Achieved", first in FY2023. Latest entry: FY2023.
1 other company's latest entry also says "Achieved".
- FY2023AchievedAnnual report
「UBE Mitsubishi Cement Corporation, an equity-method affiliate of the Company, resolved at a meeting of its Board of Directors held on 26 September 2022 to review its production structure as part of its business structure reforms by shutting down operations at its Aomori plant and reducing production at its Isa cement plant by stopping Kiln No. 1, with both measures targeted for completion by the end of March 2023 (hereinafter, the “Measures”), and implemented the Measures by the end of March 2023.」
The review of the production structure through the shutdown of the Aomori plant and the stoppage of Kiln No. 1 at the Isa cement plant was implemented by the end of March 2023. The equity-method investment loss related to these Measures was ¥8,376 million. - FY2023-Q3Recognition of losses related to the MeasuresAnnual report
「Of the equity-method investment losses recorded for the cumulative third-quarter period, ¥1,780 million relates to these Measures.」
It was stated that ¥1,780 million of the equity-method investment losses for the cumulative third-quarter period related to the Measures concerning the shutdown of the Aomori plant and the reduction of production at the Isa cement plant. - FY2023-Q2First statedAnnual report
「UBE Mitsubishi Cement Corporation, an equity-method affiliate of the Company, resolved at a meeting of its Board of Directors held on 26 September 2022 to review its production structure as part of its business structure reforms by shutting down operations at its Aomori plant and reducing production at its Isa cement plant by stopping Kiln No. 1, with both measures targeted for completion by the end of March 2023 (hereinafter, the “Measures”).」
As part of business structure reforms following the integration of the cement business, it was resolved to shut down the Aomori plant and reduce production at the Isa cement plant by stopping Kiln No. 1 by the end of March 2023. The equity-method investment loss from these Measures was ¥1,745 million.