Showa Denko, KH Neochem withdraw there ethyl acetate businesses
X
Waste Management Expo 2020 MAR 12&13 BIEC, Bengaluru, India

Showa Denko, KH Neochem to dissolve ethyl acetate JV

9:06 AM, 6th November 2013
Showa Denko, KH Neochem dissolves ethyl acetate joint venture businesses

TOKYO, JAPAN: Showa Denko (SDK) and KH Neochem Co Ltd (KHNC) have agreed to dissolve their joint venture, Japan Ethyl Acetate Co Ltd (JEA). The JV was established in August 2003 for the purpose of strengthening the foundations of the two parent companies’ ethyl acetate businesses.

While demand for ethyl acetate has grown inside and outside Japan since then, the business environment has changed dramatically, reflecting the rise in raw material costs and capacity expansions in neighboring countries. Under the circumstances, SDK and KHNC have concluded, after mutual consultation, that it is difficult to continue JEA’s operations. Thus, the two companies have agreed to stop ethyl acetate production at JEA, and dissolve the company.

© Worldofchemicals News

0 Comments

Login

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


Foster Wheeler bags FEED contract for LNG project in Russia

ZUG, SWITZERLAND: Foster Wheeler’s subsidiary of Global Engineering and Construction Group has been selected by Rosneft and ExxonMobil to undert ...

Read more
PhosAgro begins construction of ammonia plant in Russia

MOSCOW, RUSSIA: PhosAgro, one of the world’s leading vertically integrated phosphate-based fertilizer producers, has begun construction of a new ...

Read more
Solvay completes the acquisition of Chemlogics

BRUSSELS, BELGIUM: Solvay closed the acquisition of privately-held Chemlogics, following clearance from the relevant anti-trust authorities. This acqu ...

Read more
Airgas acquires Encompass Gas Group

RADNOR, US: Airgas Inc, leading suppliers of industrial, medical, and specialty gases and related products, has completed the acquisition of the asset ...

Read more
Scientists explore the benefits of defects in diamond

CALIFORNIA, US: From supersensitive detections of magnetic fields to quantum information processing, the key to a number of highly promising advanced ...

Read more
Polyphenol content of blueberries decreases on baking

WASHINGTON, US: Blueberries are called a “superfood” for their high polyphenol content, but when served as warm, gooey pie filling or when ...

Read more
www.worldofchemicals.com 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