Sekisui Chemical Co. Ltd has announced plans to make a strategic step from Japan to overseas businesses in order to enter a new phase of growth.
The company is establishing regional headquarters in Europe, America, South East Asia and China.
Instead of having all functions centralised in Japan, the company has set up Sekisui Europe B.V. (SEBV) as its European headquarters. Located in Roermond, the Netherlands, the regional headquarters will support the European subsidiaries, strengthen the corporate governance and disseminate Sekisui’s philosophy. Japanese and European team members will act as close contact persons for the regional subsidiaries by deploying corporate guidance in terms of legal, accounting, HR, IT and communications throughout the region.
Hiroshi Kobayashi, Managing Director of Sekisui Europe B.V., said: “The companies are the experts of the technologies and products manufactured in Europe. However, despite their independence and different businesses, we believe that there is yet undiscovered potential for synergies which would have positive effects for the customers.”
The main objective of the regional headquarters will be internal organisational tasks to unify the Sekisui subsidiaries in Europe and strengthen the governance throughout the region. Since the 1960s, the comapny has made various acquisitions and has had different sales bases all over Europe. However, while business developed, governance was still centralised in Japan, causing a gap in regional knowledge. The company now plans to close this gap and ensure the corporate functions are in one place to meet regional needs.
Sekisui believes that the new structure will have major advantages for its customers. Due to the internal partnership-oriented approach, the European subsidiaries work closer together and offer comprehensive solutions and valuable services. The cooperation will also make Sekisui more visible for European customers – and simplify communication.
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/26022019/sekisui-chemical-group-announces-restructuring/