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Transfer of Engineering-Plastics Business from Kobe Steel to Mitsubishi Engineering-Plastics

The engineering-plastics business of Kobe Steel, Ltd., (Head Office: Tokyo; President: Hiroshi Mizukoshi) has been transferred to Mitsubishi Engineering-Plastics Corporation (Head Office: Tokyo; President: Hideo Fukutani). The same products and technical services will continue to be offered by MEP.Kobe Steel's engineering-plastics business specializes in advanced compounding materials such as carbon fiber reinforced polyamides and glass fiber reinforced polycarbonates. The company's engineering-plastics sales volume has expanded in recent years, especially for OA equipment applications, and how to strengthen the competitiveness of the business has become a key issue. MEP, on the other hand, understands the necessity to shore up this segment of demand. This transfer of business helps to round out MEP's operations, including raw materials, compounding, sales and technical service, as well as to increase its international competitiveness.