Japan’s Showa Denko acquires 50% stake in Frontier Carbon Corp

09 January 2013 08:48  [Source: ICIS news]

SINGAPORE (ICIS)--Japan’s Showa Denko has acquired a 50% stake in fullerene products maker and marketer Frontier Carbon Corp (FCC) from Mitsubishi Corp for an undisclosed fee, the companies said on Wednesday.

FCC will now operate as a 50:50 joint venture between from Mitsubishi Corp and Showa Denko, they said in a joint statement.

Fullerene is a molecule composed entirely of carbon.

It is seen as a promising material in the field of electronics, particularly for such applications as organic photovoltaic cells, according to the joint statement.

Showa Denko and FCC will jointly undertake research and development (R&D) as well as marketing activities towards the commercialisation of fullerene products, the firms said.

“Showa Denko’s tie-up with Mitsubishi Corp in the fullerene business is expected to further expand its carbon nano materials business,” they added.


By: Nurluqman Suratman



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

ICIS news FREE TRIAL
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