On January 1, Ube Machinery Corporation, a group company of Ube Industries, and Mitsubishi Heavy Industries Plastic Technology, a group company of Mitsubishi Heavy Industries, completed a transfer of shares relating to their respective businesses in injection moulding machines. The transfer was the result of ongoing discussions following the signing of an agreement on July 29, 2016 toward integration of the two companies' related business operations.

As a result of the share transfer, Mitsubishi Heavy Industries Plastic Technology has relaunched operations under a new structure and a new corporate name: U-MHI Platech. Simultaneously, Ube Machinery has begun operations at a newly established entity, named U&M Plastic Solutions, charged with marketing products produced by both Ube Machinery and U-MHI Platech.

The injection moulding machine business environment is becoming increasingly severe in both the Japanese and global markets. Through the integration of their businesses in this field, Ube Industries and Mitsubishi Heavy Industry have opted to combine their respective strengths in technologies, product lineup, and sales and servicing networks in order to pursue enhanced strength in sales, servicing, development, and production technology. By adding value through reduced manufacturing costs and timely anticipation of customer needs, the two companies target business expansion in the global market for injection moulding machines.

The newly created U&M Plastic Solutions will offer technical guidance and consulting services related to the moulding of plastic products, and will be supported by the marketing strength of both brands. Working closely with customers, the company will swiftly respond to on-site needs and resolve associated issues to help customers produce superior plastic products.

By bringing together their key strengths, U-MHI Platech and U&M Plastic Solutions, will offer superlative proposals and deliver products and services of great satisfaction to customers around the world, offering more advanced technological capabilities, product lineup and product servicing.