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News Nichias Corporation to dissolve Kimitsu Rockwool Corporation

Nichias Corporation to dissolve Kimitsu Rockwool Corporation

Written by Global Gypsum staff
19 May 2025
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Japan: Nichias Corporation has resolved to dissolve its stone wool subsidiary Kimitsu Rockwool Corporation and filed for its liquidation. In a filing to the Tokyo Stock Exchange, the group said that Kimitsu Rockwool Corporation ceased production in March 2024, amid ‘soaring’ energy and raw materials costs. It has completed disposal of its production equipment.

Last modified on 12 June 2025
Published in Global Insulation News
Tagged under
  • Nichias Corporation
  • Japan
  • Kimitsu Rockwool Corporation
  • Closure
  • equipment
  • costs
  • liquidation
  • GGM65

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