News at Kaneka Belgium

Eperan PP product was selected by the Shiseido group for its outstanding surface aspect and its smallest bead structure.

For more than 30 years The Big 5 has provided a business and networking platform for the construction industry. It is the essential gateway to the Middle East and North Africa (MENA) construction market, providing both exhibitors and visitors the opportunity to conduct serious business and access the most current information on all aspects of the construction industry.

The Big 5 has an enviable reputation as the Middle East’s most successful trade exhibition and is the largest building and construction show in the MENA. In 2010, 2,150 exhibitors from 71 countries and 27 national pavilions exhibited at The Big 5.

The exhibition will be held November 21^st -24^th, 2011.

Visit Kaneka:
Booth n° 1G36

For more information or for scheduling a meeting on our booth, please contact info.lpd@kaneka.be

Exhibition link: The BIG FIVE Exhibition - Dubai

Agreement pertaining to acquisition of acrylic modifier and acrylic sol businesses from Evonik Röhm GmbH

Kaneka Corporation (hereinafter Kaneka) and Kaneka Belgium N.V. (hereinafter Kaneka Belgium) have reached an agreement with Evonik Röhm GmbH (hereinafter Evonik) of the Evonik Industries AG Group regarding the acquisition of Evonik’s acrylic modifier and acrylic sol businesses. The acquisition agreement was concluded on June 23. Details of the agreement are as follows.

Details

 1. Objectives

Kaneka’s modifiers business has been growing with its global manufacturing and sales facilities in Japan, the United States, Europe and Asia. The acquisition agreement concluded on June 23 involving the acrylic modifier and acrylic sol businesses of Evonik is designed to expand Kaneka’s operations and strengthen the competitive advantage of this business in Europe while also promoting its ongoing development through the acquisition of promising technology and improved access to local markets.

2. Details of transfer

1. Businesses to be acquired
   The acrylic modifier and acrylic sol businesses of Evonik will be acquired. The acquisition encompasses tangible fixed assets associated with the relevant operations of Wesseling site located on the outskirts of Cologne Germany, and other assets, as well as employees of the manufacturing department and separate contracts with third parties.
2. Method of acquisition
   Kaneka Belgium will carry out sales and production of the acquired businesses while setting up a new company, as detailed below, at the Wesseling site of Evonik to inherit tangible fixed assets and manufacturing department employees from Evonik.

Outline of the New Company  

Company name: Kaneka Modifiers Deutschland GmbH (provisional title)

Address: Brühler Strasse 2, 50389 Wesseling, Germany

Representative: To be confirmed

Business: Manufacture of chemical products (including commissioned production), sales, R&D, purchasing

Capital: 3 million Euros

Date of establishment: Mid-July 2011 (projected date)

Main shareholder: Kaneka Belgium (100%)

      3.    Projected timetable of events

June 23, 2011:	Conclusion of acquisition agreement
Mid-July 2011 (projected date):	Establishment of Kaneka Modifiers Deutschland GmbH (provisional title)
End July 2011 (projected date):	Transfer of operations
Early August 2011 (projected date):	Kaneka Modifiers Deutschland GmbH (provisional title) commences operations

This acquisition is subject to the approval by the German Federal Cartel Office in accordance with German competition law i.e. Act Against Restraints of Competition.

Dear customer,

Due to the extreme tight global supply/demand balance of Butadiene we were forced to accept another major price increase on our raw materials; which we have absolutely no other way then to calculate in our price setting in order to be able to guarantee further smooth operation.

Therefore we have to ask you for an immediate adaptation of our MBS impact modifiers price level:

Product group                                                                                   Increase euro/kg:

Kane Ace B series, MBS impact modifier resins                                     0.35

We will contact you asap to explain you in more detail and to answer any questions you may have regarding this matter.

We value very much your confidence in Kaneka and would like to ask once more for your understanding.

Yours Sincerely,

Olivier Renson

Business Manager

HPPD, Performance Polymer business unit.

Kaneka Belgium NV

Dear customer,

Recently the Japan continent has been hit by several earthquakes and following those some devastating tsunamis have hit many of the infrastructures of Japan. Please find attached our statements for MS and MX business.

Dear customer,

As you surely know, further inflation of raw material prices and increasing turbulence in the supply balance is putting our industry once more to the challenge to handle this unstable and volatile market situation.

We are committed to do all efforts to keep up with our highest supply, service and quality standards and remain a sustainable and reliable partner to your company.

However, in order to do so and to be able to cope with this continuous rising cost structure we have no other way then to ask you to accept a necessary new price increase, effective from April 1^st.

Product group                                                                                   Increase euro/kg:

Kane Ace PA series, Acrylic processing aid resins                          0.25

Kane Ace FM series, Acrylic impact modifier resins                          0.25

Kane Ace B series, MBS impact modifier resins                                0.25

We will contact you in the very near future to explain you in more detail and to answer any questions you may have regarding this matter.

We value very much your confidence in Kaneka and would like to ask once more for your understanding.

Yours Sincerely,

Olivier Renson

Business Manager

HPPD, Performance Polymer business unit.

Kaneka Belgium NV

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Dear customer,

Due to the further cost escalation of our main raw materials, we are forced to announce a price increase for our acrylic impact modifiers and processing aids.

This increase will be effective from February 1^st where contracts allow.

Product group                                                                                   Increase euro/kg:

Kane Ace PA series, Acrylic processing aid resins                                0.15

Kane Ace FM series, Acrylic impact modifier resins                                0.15

We will contact you in the very near future to explain you in more detail and to answer any questions you may have regarding this matter.

We value very much your confidence in Kaneka and would like to ask once more for your understanding.

Yours Sincerely,

Olivier Renson

Business Manager

HPPD, Performance Polymer business unit.

Kaneka Belgium NV