Daicel Corporation (DAICEL, headquartered in Osaka City, President/CEO Mr. Yoshimi Ogawa) has transferred shares of Daicel-Evonik Ltd.( headquartered in Shinjuku ku, President/ Mr. Tadashi Kanai) to Polyplastics Co., Ltd. a wholly owned subsidiary on December 1, 2021.
Along with this transfer, Daicel-Evonik Ltd. will change its name to Polyplastics-Evonik Corporation on April 1, 2022.
Polyplastics Co., Ltd. has been manufacturing and selling high-performance and functional engineering plastics starting with POM, LCP, PPS（※） etc. around the world as a member of Daicel group.
This transfer based on the phase of the Operation-II, business restructuring and drastic review of existing JVs which is planned in Daicel Corporation’s Mid-Term Management Strategy, Accelerate 2025-II. Daicel Corporation made Polyplastics Co., Ltd. a wholly owned subsidiary last year as a part of this strategy and this transfer is the second one. From this, Polyplastics Co., Ltd. and Polyplastics-Evonik Corporation intend to offer customers collaborative marketing and technical solution. Furthermore, we expand business and create synergy through the expansion of product portfolio and promote cocreation with both parent companies.
※ POM: Polyacetal, LCP: Liquid Crystal Polymer, PPS: Polyphenylene Sulfide