Daicel to change company name in October 2011

Misao Fudaba, President and CEO, Daicel Chemical Industries.

OSAKA CITY, JAPAN: Daicel Chemical Industries Ltd (Head Office: Osaka City, President and CEO: Misao Fudaba) announced that it plans to change the name of the company to Daicel Corporation. The name change comes with the thought to demonstrate, both internally and externally, its intention to continue expanding beyond the chemical industry segment by employing the proprietary technologies and unique expertise that evolved from the chemical-based foundation of the business, the company informed. This also confirms with the company’s “Grand Vision 2020,” long-term vision to harness the energy of all members of our group worldwide and work together towards a common goal.

Daicel has long contained the phrase ‘chemical industry’ reflecting core technologies of cellulosic derivatives, organic chemicals, polymer chemicals and gunpowder engineering. However, the changing nature of business has expanded beyond this exclusive industry to encompass businesses related to assembly processes, as represented by the automotive airbag inflator segment, which has also grown to become a core business. Subject to approval of shareholders at the annual meeting in June 2011, the name change will be effective from October 2011.