Denka completes DuPont’s chloroprene rubber business acquisition
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Denka completes DuPont’s chloroprene rubber business acquisition

11:52 AM, 5th November 2015
Denka completes DuPont’s chloroprene rubber business acquisition

TOKYO, JAPAN: Denka, Mitsui and DuPont said they have entered into an agreement with regard to the acquisition of DuPont’s chloroprene rubber business. Denka Co Ltd and Mitsui & Co Ltd established a joint venture known as Denka Performance Elastomer LLC (DPE), in the US, for the transfer of the chloroprene rubber business of DuPont to DPE.

DPE has become the manager of chloroprene rubber-related operations that DuPont has divested, including a part of production facilities at the Pontchartrain works site (La Place, Louisiana, the US).

Denka has been operating a chloroprene rubber production facility in its Omi plant (Itoigawa, Niigata, Japan). They are now poised to deploy an even stronger supply structure with the second facility in North America, which will better position it to achieve greater customer satisfaction through the stable provision of high-quality chloroprene rubber.

This acquisition has been positioned as a key move in light of the policy of creating the most optimal production system based on the Denka100 management plan growth strategy. Using the acquisition as a springboard, it will endeavour to realize the plan’s numerical targets at the earliest possible date.

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