Mitsubishi UBE Cement Corporation (MUCC), a 50/50 JV between Mitsubishi Materials Corporation and UBE Corporation begins preparations for the listing of its shares on the Tokyo Stock Exchange (TSE). MUCC started operations in 2022 after taking over the cement and related businesses of both shareholders (photo: Kyushu cement plant). However, the business environment surrounding MUCC is facing an unprecedented turning point due to geopolitical risks and changes in economic policies in various countries. The listing of the shares is subject to approval by the relevant authorities and the date of the listing has not been determined at this time.