Nippon Shokubai merges two Singapore subsidiaries

29 January 2013 10:53  [Source: ICIS news]

TOKYO (ICIS)--Japan-headquartered chemical company Nippon Shokubai said on Tuesday that it has merged two of its Singapore-based subsidiaries, Nippon Shokubai (Asia) and Singapore Glacial Acrylic.

The purpose of the merger, which was completed on 1 January 2013, is to rationalise corporate organisation and strengthen management systems, Nippon Shokubai said in a statement.

Nippon Shokubai (Asia) has become the surviving company, the producer said.

Nippon Shokubai Asia’s net sales for a full year to 31 December 2011 were $100.9m (€74.7m), while Singapore Glacial Acrylic’s net sales during the same period were $75.1m, according to Nippon Shokubai.

($1 = €0.74)

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