Japan's Tosoh buys remaining shares in Nippon Polyurethane

23 July 2012 13:58  [Source: ICIS news]

TOKYO (ICIS)--Japanese chemical producer Tosoh Corp has bought the remaining shares in Nippon Polyurethane Industry from Hodogaya Chemical to make it Tosoh’s wholly-owned subsidiary, the company said on Monday without disclosing the sale price.

Tosoh’s share in Nippon Polyurethane, a producer of methylene diphenyl diisocyanate (MDI) and toluene diisocyanate (TDI), was 80.28% before the purchase.

“We have decided to make Nippon Polyurethane our wholly-owned subsidiary because a quick recovery of profits [of Nippon Polyurethane] through an integrated and effective operation with our company is necessary,” Tosoh said in Japanese.

By: Tomomi Yokomura
+65 6780 4359

AddThis Social Bookmark Button

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

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index