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.

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