SCAPIN-1042: ADDITION OF TITAN INDUSTRIAL COMPANY, LTD. (TITAN KOGYO K.K.), TO THE SCHEDULE OF RESTRICTED CONCERNS
GENERAL HEADQUARTERS
SUPREME COMMANDER FOR THE ALLIED POWERS
APO 500
29 June 1946
AG 004
(29 Jun 46)
ESS/AC
(SCAPIN-1042)
| MEMORANDUM FOR | IMPERIAL JAPANESE GOVERNMENT. |
|---|---|
| THROUGH | Central Liaison Office, Tokyo. |
| Subject | Addition of Titan Industrial Company, Ltd. (Titan Kogyo K. K.) to the Schedule of Restricted Concerns. |
2. Reference is made to the following Memoranda for the Imperial Japanese Government from General Headquarters, Supreme Commander for the Allided Powers:
a. AG 319.1 (22 Oct 45) ESS/IE (SCAPIN-177), subject: “Reports to be Made by Certain Business Firms.”
b. AG 004 (31 Oct 45) ESS (SCAPIN-215), subject: “Sale or Transfer of Securities of Certain Business Firms.”
c. AG 004 (8 Dec 45) ESS/AC (SCAPIN-403), subject: “Establishment of a Schedule of Restricted Concerns.”
d. AG 300.8 (8 Dec 45) ESS/AC (SCAPIN-408), subject: “Regulations Affecting Restricted Concerns.”
e. AG 123 (15 Jan 46) ESS/FI (SCAPIN-599), subject: “Restriction on Dividend Payments.”
f. AG 319.1 (19 Jan 46) ESS/AC (SCAPIN-625), subject: “Reports to be Made by Certain Business Firms.”
g. AG 150 (23 Feb 46) ESS/AC (SCAPIN-767), subject: “War Damage and Government Indemnity Claims of Companies on the Schedule of Restricted Concerns.”
2. The Titan Industrial Company, Ltd., is hereby added to the Schedule of Restricted Concerns referred to in subparagraph 1c, above.
3. The Imperial Japanese Government will take immediate action to assure that this concern shall comply with the provisions of and make reports required by reference Memoranda listed in paragraph 1, above, Wherever reference is made in inclosure 1 and inclosure 2 to Memorandum referred to in subparagraph 1a, above, to the year 1944, it shall be amended to read 1945.
FOR THE SUPREME COMMANDER:
JOHN B. COOLEY,
Colonel, AGD,
Adjutant General.
MEMO FOR RECORD: (SCAPIN - 1042)
WFM/JMcIH/FCH/gg
20 June 1946
1. In carrying out the policy set forth in JCS Directive 1380/15 dated 3 November 1945, investigations are being made of conce▲ which are not listed on SCAP Memorandum AG 004 (8 Dec 45) ESS/AC (SCAPIN - 403), subject: "Establishment of Schedule of Restricted Concerns."
2. The Titan Industrial Company, Ltd., (Titan Kogyo K. K.) is a manufacturer of Titan dioxide, of which it produced sixty-nine (69) percent of the total production in Japan throughout the war. Its present capacity is unknown as it was heavily bombed, but all equipment is intact, and the Present employees consist of sixty (60) staff members and 150 laborers. In 1945, the Company produced 232 tons of titan dioxide, valued at ¥7,930 per ton, as well as 877 tons of iron sulphate and 330 tons of sulphuric acid. Fifty (50) percent of the stock is owned by Japanese interests, the other half is held by the following five (5) corporations:
Titan Company, Inc. Wilmington, Delaware
I. G. Farbenindustrie Actingesellschat, Frankfurt AM. Germany
Titangesellschaft M. B. H. Leverkussen, A. R. H., Germany
Sociate De Produits Chemegues ded Ierres Rore Pari, France
Fabrequise De Produits Chemegues De Thann Et De Mulhause Thaim and Han Rhine
Capital of the concern is ¥3,500,000, fully paid up. Of the four (4) directors, three (3) are German; of the two (2) auditors, one (1) is German. Because of the cartel features inherent in the ownership and management and because of the dominance of this concern in the production of titan dioxide, it is being added to the Schedule of Restricted Concerns referred to in paragraph 1, above.
3. The interests of USAFIK have been considered. This action does not affect the Korean area.
4. This is considered an administrative matter.
5. Concurrences: Finance Division, ESS (Lt. T. E. Beplat); Industrial Division, ESS (Mr. J. Z. Reday); Legal Division, ESS (Lt. Col. E. R. Minnich).
J. McI. H.
