TSUNEISHI KAMTECS CORPORATION Absorbs TSUNEISHI KAMTECS SAITAMA Co., Ltd. By Merger

TSUNEISHI KAMTECS CORPORATION

02/01/2018 3:00 pm

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TSUNEISHI KAMTECS CORPORATION (HQ: 1083, Tsuneishi, Numakuma-cho, Fukuyama-shi, Hiroshima, Japan, President: Tomonari Soga, below “TKAM”) will absorb its 100%-owned subsidiary TSUNEISHI KAMTECS SAITAMA Co., Ltd. (HQ: 250-1, Mikayama, Yorii-machi, Osato-gun, Saitama, Japan, President: Tomonari Soga, below “TKS”) by merger on 11 January 2018.

1. Merger Aims
This merger aims to enable efficient use of the business resources of each operating company, improve market competitiveness through careful and attentive response to customer requirements, and strategically invest resources in businesses that are forecast to grow, such as the recycling and general waste processing businesses.

2. Merger Method
The merger will be conducted using the merger-by-absorption method, with TKAM as the continuing company, and TKS to be dissolved. TKAM will incorporate all TKS businesses and staff through this merger.

3. Profiles of the Two Merging Companies
Continuing Company of the Merger by Absorption
Trading Name: TSUNEISHI KAMTECS CORPORATION
Business Operations: Industrial waste processing, recycling, collection and transportation, waste intermediate processing (industrial waste: incineration, incineration and melting, melting, neutralisation, oil separation, crushing); final disposal (managed landfill); business under the Act on the Prevention of Marine Pollution and Maritime Disasters: Ship waste oil processing and recycling.

Location: 1083 Tsuneishi, Numakuma-cho,Fukuyama, Hiroshima, Japan
Established: May 1967
Representative and President: Tomonari Soga
Number of employees: 100 (as of January 2017)

Defunct Company of the Absorption by Merger
Trading Name: TSUNEISHI KAMTECS SAITAMA Co., Ltd.
Business Operations: Recycling of incinerated ash and particulate matter; waste intermediate processing (burning of general waste and industrial waste); manufacturing and sale of construction materials and aggregates such as crushed stone and gravel.

Location: 250-1, Mikayama, Yorii-machi, Osato-gun, Saitama, Japan
Established: September,2003
Representative and President: Tomonari Soga
Number of employees: 41 (as of January 2017)

4. New profile and board of directors (scheduled)
New profile:
Trading Name: TSUNEISHI KAMTECS CORPORATION
Business Operations: Industrial waste processing, recycling, collection and transportation, recycling of incinerated ash and particulate matter, waste intermediate processing (industrial waste: incineration, incineration and melting, melting, neutralisation, oil separation, crushing); final disposal (managed landfill); business under the Act on the Prevention of Marine Pollution and Maritime Disasters: Ship waste oil processing and recycling.

Established: May 1967
Location: 1083 Tsuneishi, Numakuma-cho,Fukuyama, Hiroshima, Japan
Number of employees: 141 (scheduled)

*Board of directors:
Chairman:
Koichi Shinohara
General management
     
President:
Tomonari Soga
General Management

Executive Managing Director:
Takumi Takata

Director:
Yasuki Nitta

Auditor:
Yuichiro Mori

■ About TSUNEISHI KAMTECS CORPORATION
Our company, engaged in the environmental business, is part of the TSUNEISHI Group, which has a history of over 100 years and positions shipbuilding and shipping as its core businesses. Our business, launched with services to treat waste oil from ships, has evolved today to include general and industrial waste detoxification as well as recycling to use resources and energy without waste. In an effort to resolve waste treatment issues globally, we have also actively expanded our business into South and Southeast Asia where economic development is accelerating.

For further information, please contact:
General Affairs Dept.,
TSUNEISHI KAMTECS CORPORATION
+81-84-954-6700
pr@tsuneishi.com

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