31 March 2025
JFE Engineering Corporation
JFE Engineering Corporation (President and CEO: Kazuyoshi Fukuda, Headquarters: Chiyoda-ku, Tokyo) has completed the acquisition of 66.6% of the shares in Sumitomo Chemical Engineering Co., Ltd. (Headquarters: Chiba-shi, Chiba), a wholly-owned subsidiary of Sumitomo Chemical Co., Ltd. (Representative Director and President: Keiichi Iwata, Headquarters: Chuo-ku, Tokyo), based on the share transfer agreement* concluded on February 3, 2025.
Following this acquisition, Sumitomo Chemical Engineering has changed its company name to JFE Plant Technology Co., Ltd.
Details of the Share Acquisition
| Target Company of the Share Acquisition | Sumitomo Chemical Engineering Co., Ltd.社 |
|---|---|
| Seller | Sumitomo Chemical Co., Ltd. |
| Number of Shares Acquired | 1,332,000 shares, a portion of the Target Company's issued shares |
| Date of Share Acquisition | March 31, 2025 |
Overview of the Target Company (As of the end of March 2025)
| Name | JFE Plant Technology Co., Ltd. |
|---|---|
| Head Office | 1-7-1 Nakase, Mihama-ku, Chiba-shi |
| Representative | President and CEO: Eisuke Hishinuma |
| Business Field | Design, procurement, construction, commissioning, and maintenance related to the construction of basic chemical, functional chemical plants, and chemical supply systems for semiconductor manufacturing |
| Capital | 1 billion yen |
| Date of Establishment | September 1964 |
| Number of Employees | 196 (non-consolidated), 307 (consolidated) : As of the end of December 2024 |
| Shareholding Ratio | JFE Engineering Corporation 66.6% Sumitomo Chemical Co., Ltd. 33.4% |
Purpose of the Share Acquisition
JFE Plant Technology Co., Ltd. is a chemical plant engineering company with extensive experience in the design and construction of plants both domestically and internationally across a wide range of fields, including petrochemicals, fine chemicals, and the semiconductor industry.
Through this Share Acquisition, we aim to expand our customer base and business areas in the chemical plant sector, where significant growth is anticipated.
We will maintain our strong relationship with the Sumitomo Chemical Group to maximize synergies within the JFE Group. Furthermore, we will continue contributing to the realization of a carbon-neutral and sustainable society through the construction of advanced chemical plants and the development of innovative technologies.
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See JFE Engineering Corporation's February 3, 2025 news release:
JFE Engineering to Acquire 66.6% Stake in Sumitomo Chemical Subsidiary
For inquiries regarding this press release, please contact:
- Public Relations Section, General Administration Department, JFE Engineering Corporation