Ube Industries Set to Split off Synthetic Rubber Business as Subsidiary

Ube Industries Ltd. (TYO:4208) has announced plans to split off its synthetic rubber business as a subsidiary, with operations here including R&D, manufacturing and sales. The move is scheduled to be carried out on Oct. 1, forming Ube Elastomer Co. Ltd. as a wholly owned new subsidiary. Engaged in the production and sale of butadiene rubber, Ube Industries’ synthetic rubber…

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