Ube Group Announces 2030 Transformation Plan

　　Sinochem News recently, Japan's Ube Group (formerly Ube Industries) announced its 2030 vision and corresponding business transformation plan, and detailed the transformation of its business structure and other management measures
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　　According to the released mid-term management plan, "UBE Vision 2030 Transformation Phase 1", Ube plans to achieve sustainable growth globally as a specialty chemicals conglomerate, and as a holding company in machinery and cement-related businesses Subsidiaries are managed
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Ube will shift to a business structure that focuses on specialty chemicals with low energy consumption, resistance to market fluctuations, and high profits, and intends to "actively invest management resources in the specialty chemicals business, by leveraging the group's core technologies and strengths in the value chain, Create added value and achieve high profitability
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Ube will meet the growing demand by increasing the production capacity of polyimide, separation membrane, composite materials, fine chemicals and high-performance coatings, and by establishing production bases in North America, Expand its global business for profitable growth
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Ube will also expand its line of high value-added nylon polymers, ammonium sulfate, industrial chemicals, elastomers and other basic products
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The company said it will develop environmentally friendly products to ensure stable Cash flow and steady earnings growth
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　　In order to establish a globally optimized production system, Ube announced that it will move the production of nylon polymers outside of Japan
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The group will close a major production line around fiscal 2024 to further reduce its caprolactam production in Japan
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Ube will also end Japan's domestic ammonia production by 2030
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By fiscal 2030, Ube plans to reduce greenhouse gas emissions by 50 percent compared to fiscal 2013
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　　The Ube Group's mid-term management plan has also determined a capital expenditure budget of 130 billion yen.
About 50% of the capital expenditure will be for the specialty chemicals business, and 30% will be used for the basic business
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The company has set a budget of 32 billion yen for R&D spending over the next three years, mainly in the carbon dioxide, waste plastic utilization and environmental sustainability sectors
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