JSR sell coatings business Arakwa Chemical

JSR to sell coatings business to Arakawa Chemical

10:00 AM, 1st August 2016
JSR to sell coatings business to Arakwa Chemical

TOKYO, JAPAN: JSR Corporation has agreed to sell its Opstar coatings business to Arakawa Chemical Industries Ltd, effective on 1 October. As Arakawa could expect technical synergy with its existing business and expansion of its business portfolio by taking a chance of the acquisition.

Taking into consideration recent market conditions and future outlook of Opstar, JSR figured out that restructuring, such as alliance, transfer, etc. would be the best option and have negotiated with Arakawa, although JSR has long been engaged in R&D, manufacturing and sales of Opstar which are functional coating materials mainly used for liquid crystal display applications.

The transfer of Opstar business will have minimal impact on the consolidated business results of JSR.

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