Asahi Kasei acquires DuPont’s share in polyacetal joint venture in China

Asahi Kasei acquires DuPont’s share in polyacetal joint venture in China

6:16 AM, 11th June 2013
Asahi Kasei acquires DuPont’s share in polyacetal joint venture in China

TOKYO, JAPAN: Asahi Kasei Chemicals and DuPont China Holdings Co Ltd have agreed to a share transfer under which the Asahi Kasei Group will obtain full ownership in Asahi-DuPont POM (Zhangjiagang) Co Ltd (ADZ), a joint venture between Asahi Kasei Chemicals and DuPont for the production and sale of polyacetal copolymer in China.

Asahi Kasei Chemicals and DuPont will now advance procedures to receive the necessary approvals from the Chinese government, and begin deliberations with clients regarding the transition. Timing of the share transfer and a new name for the company will be determined upon receipt of such approvals.

© Worldofchemicals News

Read more mergers and acquisition news of chemical industry -



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Cardia Bioplastics, University of Sydney collaborate for PPC polymers

VICTORIA, AUSTRALIA: Cardia Bioplastics and biomolecular engineers at the University of Sydney are creating cleaner, more cost-effective polypropylene ...

Read more
Solar nanofiltres remove antibiotics from water in lakes, rivers

WASHINGTON DC, US: Using the same devious mechanism that enables some bacteria to shrug off powerful antibiotics, scientists have developed solar-powe ...

Read more
Understanding the behaviour of particles in ionic liquids

CALIFORNIA, US: A new study by researchers at UC Santa Barbara provides clues into the understanding of the behaviour of the charged molecules or part ...

Read more
Arkema expands acrylic acid capacity in Texas, US

COLOMBES, FRANCE: Arkema has brought on stream additional acrylic acid capacity at its Clear Lake, Texas, site, US. A ramp-up period is planned to con ...

Read more
EU, Russia collaborate to control drug precursors

BRUSSELS, BELGIUM: EU and Russia completed signature of a new cooperation agreement on the control of drug precursors, at the EU-Russia Summit in Yeka ...

Read more
Novozymes produces biogas from wastewater

BAGSVAERD, DENMARK: Novozymes and Novo Nordisk use wastewater from the factories in Kalundborg, Denmark for a large scale production of biogas. The ne ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X