TOKYO, Mar 24 (Pulse News Wire) – Daiei Kankyo CO.,LTD. (9336.T) resolved at its March 24 board meeting to acquire an industrial waste final disposal site from Sakai Chemical Industry Co., Ltd.
The acquisition includes related fixed assets and is expected to contribute significantly to the expansion of annual landfill capacity outlined in the company's mid-term plan, "D-Plan 2028." The acquired property consists of approximately 437093.00 square meters of land located in Iwaki City, Fukushima Prefecture. It features a building area of 248.62 square meters and has a permitted capacity of 2,527,856 cubic meters for sludge management. Post-acquisition, the facility will operate as part of Daiei Kankyo’s business operations, focusing on managing industrial waste.
Key details of the transaction include: - Acquisition cost: ¥1.250 billion - Location: Iwaki City, Fukushima Prefecture - Purpose: To serve as an industrial waste management final disposal site Sakai Chemical Industry plans to cease its titanium dioxide pigment business by May 13, 2024, leading to a reduction in associated industrial waste generation. As such, the company decided to sell the disposal site to Daiei Kankyo, which aligns with its strategy to enhance environmental infrastructure and support sustainable circular economy initiatives. Additional information on Sakai Chemical Industry: - Capital: ¥21.84 billion - Established: February 25, 1932 - Major shareholders: - Nippon Life Insurance Company (holding ratio: 13.70%) - CEPLUX - THE INDEPENDENT UCITS PLATFORM (holding ratio: 6.61%) The acquisition is scheduled to take place in April 2026, subject to contract execution .
Daiei Kankyo anticipates minimal impact on consolidated earnings but will promptly disclose any significant developments arising from this transaction.
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