Boeing and Ube also will seek to identify additional areas of mutual interest for joint development under the agreement. The agreement establishes an initial two-year collaboration period, which can be extended based on mutual interests. Financial terms of the agreement were not disclosed.

While Ube Industries has long provided certain materials for aerospace applications, this new agreement is an important first step in leveraging Ube’s world-class expertise in chemistry to open the door to broader supply of aerospace products. We have been working to develop this market for a while now, and this agreement is an important milestone in that effort. We look forward to a long and prosperous relationship with Boeing.

— Koji Kihira, president of Ube’s Specialty Chemicals and Products Company.

Ube Industries is one of Japan’s top chemical companies.