Prior notification of a concentration (Case M.8586 — TPC/JSR/UMG/UBE/MR) — Candidate case for simplified procedure (Text with EEA relevance. )
Date: 2017-10-24
Institutions: European Commission
Subjects: alloy, building materials, chemical industry, economic concentration, energy industry, machinery, merger control, pharmaceutical industry, resin, supplier








C_2017358EN.01000601.xml










24.10.2017   


EN


Official Journal of the European Union


C 358/6





Prior notification of a concentration
(Case M.8586 — TPC/JSR/UMG/UBE/MR)
Candidate case for simplified procedure
(Text with EEA relevance)
(2017/C 358/08)






1.


On 16 October 2017, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).
This notification concerns the following undertakings:






—


Techno Polymer Co., Ltd (‘TPC’, Japan), controlled by JSR Corporation (‘JSR’, Japan),










—


UMG ABS, Ltd (‘UMG’, Japan), controlled by Ube Industries, Ltd (‘UBE’, Japan) and Mitsubishi Chemical Corporation (‘MCC’, Japan; formerly Mitsubishi Rayon Co., Ltd — ‘MR’). MCC ultimately belongs to Mitsubishi Chemical Holdings Corporation (‘MCH’, Japan).




JSR and UMG acquire within the meaning of Article 3(1)(b) and Article 3(4) of the Merger Regulation joint control of TPC.
The concentration is accomplished by way of purchase of assets and purchase of shares in a newly created company constituting a joint venture.










2.


The business activities of the undertakings concerned are:
—   for JSR: chemical manufacturing company, whose core businesses are petrochemical products and fine chemical products,
—   for TPC: wholly-owned subsidiary of JSR, active in the supply of resins and alloys,
—   for UBE: company active in chemicals, pharmaceuticals, cement and construction materials, machinery, and energy and environment,
—   for MCC: manufacturing company, active in chemicals, plastics, and fibres,
—   for MCH: chemical manufacturing company, active in performance products, industrial materials, and health care applications,
—   for UMG: joint venture between UBE and MCC, active in the supply of resins and alloys.










3.


On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.
Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.










4.


The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.
Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:
M.8586 — TPC/JSR/UMG/UBE/MR
Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:





Email: COMP-MERGER-REGISTRY@ec.europa.eu




Fax +32 22964301




Postal address:




European Commission




Directorate-General for Competition




Merger Registry




1049 Bruxelles/Brussel




BELGIQUE/BELGIË










(1)  OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

(2)  OJ C 366, 14.12.2013, p. 5.