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.

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By: Nurluqman Suratman

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