2021
April 1, 2021
Information regarding absorption-type merger between overseas consolidated subsidiaries
Kurita Water Industries Ltd. (Head Office: Nakano-ku, Tokyo; President: Michiya Kadota) is pleased to announce that Kurita (Taiwan) Co., Ltd. (Head Office: Taipei City; hereafter, "KTC"), which is our wholly-owned consolidated subsidiary, absorbed Kurita Water Technology (Taiwan) Co., Ltd. (Head office: Hsinchu City; hereafter, "KWTT") as of April 1, 2021.
KTC was established in September 1987, operating a business that manufactures and sells water treatment chemicals. KWTT was established in August 2017, and has been operating a business handling the sales, manufacturing, and construction of water treatment equipment, and providing maintenance services for water treatment equipment.
In the past, these companies worked cooperatively, providing customers with a "comprehensive solution" that integrated chemicals, equipment, and maintenance services by combining their respective business characteristics.
Through this merger, we aim to enhance and further develop our "comprehensive solutions" while offering better value by both improving and reinforcing the business infrastructure so as to provide flexible solutions to customer issues, and to promote more detailed proposal activities by optimizing the management resources held by these companies.
Outline of the New Company
| Trade Name | Kurita (Taiwan) Co., Ltd. |
|---|---|
| Address | 3F., No. 38, Bo ai Rd., Taipei City 10043, Taiwan |
| Title & Name of Representative | General Manager: Yoichi Makise |
| Business Details | Manufacturing, sales, and export/import of water treatment chemicals Sales, manufacturing, construction, and maintenance of water treatment equipment |
| Paid-in Capital | NT$ 70,000,000 |
| Date of Establishment | September 16, 1987 |
| Fiscal Year-end | March 31 |
| Major Shareholders and Shareholding Ratio | Kurita Water Industries Ltd. 100% |
- The impact on our consolidated business results is minor as this merger is between our consolidated subsidiaries.