Integration of Enamel Technology, Investments and Operations through the Absorption-Type Merger of 日本フリット株式会社
First written in FY2020-Q3. 1 of 2 entries say "Achieved", first in FY2021-Q1. Latest entry: FY2021-Q1.
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- FY2021-Q1AchievedAnnual report
「At a meeting held on 3 February 2020, the company’s Board of Directors resolved to absorb Nippon Frit Co., Ltd., a wholly owned consolidated subsidiary, entered into the merger agreement on the same date, and completed the absorption-type merger effective 1 April 2020.」
The planned absorption-type merger of Nippon Frit Co., Ltd. was completed effective 1 April 2020. The objective of integrating research and production functions for frit and enamel panels, further advancing enamel technology, allocating investment more efficiently and improving operational efficiency remains unchanged. - FY2020-Q3First statedAnnual report
「At a meeting held on 3 February 2020, the company’s Board of Directors resolved to absorb Nippon Frit Co., Ltd., a wholly owned consolidated subsidiary, effective 1 April 2020, and entered into a merger agreement on the same date. Nippon Frit Co., Ltd. has held an important position within the group as one of the company’s principal production facilities, researching and producing frit, the foundation of enamel technology, and manufacturing enamel panels. Through integration into the company, the group aims to further advance its enamel technology, achieve synergies through more efficient allocation of capital expenditure and R&D investment and greater operational efficiency, and establish a stronger management base.」
The company resolved to absorb Nippon Frit Co., Ltd., a wholly owned consolidated subsidiary, effective 1 April 2020, and signed the merger agreement. It aims to integrate research and production functions for frit and enamel panels, further advance enamel technology, allocate capital expenditure and R&D investment more efficiently, and improve operational efficiency.