Styron, Sumitomo Chemical to rename polycarbonate joint venture

18 January 2011 03:00  [Source: ICIS news]

SINGAPORE (ICIS)--Styrenics producer Styron and Japan’s Sumitomo Chemical are renaming their 50:50 polycarbonate joint venture to Sumika Styron Polycarbonate (SSPC), Styron said in a statement on Tuesday.

The new name would take effect on 1 April, the statement said. Until then, it will continue to operate as Sumitomo Dow Asia Polycarbonate.

“The joint venture will continue to be headquartered in Tokyo and will continue to serve its customers and market polycarbonate products in Asia-Pacific,” it said.

Styron announced in October last year that it had bought Dow Chemical’s 50% share in the joint venture, following Dow’s divestiture of Styron to Bain Capital Partners in June 2010.

To discuss issues facing the chemical industry go to ICIS connect

By: Nurluqman Suratman

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly