Japan’s Plas Tech plans to buy Denka’s PVC unit

03 October 2008 11:42  [Source: ICIS news]

TOKYO (ICIS news)--Japan’s resin compound maker Plas Tech said on Friday it plans to purchase the polyvinyl chloride (PVC) business of Denki Kagaku Kogyo (Denka) for an undisclosed amount.

 

The company had decided to buy the business unit to explore new products, applications and a new range of customers in order to expand its existing PVC compounding business, the company added

 

The two chemical producers were scheduled to sign a contract on 1 November and transfer the business segment on 1 January, Plas Tech said.

 

Plas Tech was examining the impact the purchase might have on its current business results, it added.

By: Tomomi Yokomura
+65 6780 4359

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