Nippon Shokubai and Umicore Form Automotive Catalyst Joint Venture in Japan

Nippon Shokubai says it will form a new joint venture with Umicore to manufacture automotive catalysts. The jv, called Umicore Shokubai, will have a manufacturing and R&D center at Himeji, Japan and it will focus on providing automotive catalyst systems for Japanese manufacturers of light and heavy duty vehicles. Umicore will have 60% stake in Umicore Shokubai and Nippon Shokubai will hold the remaining 40%. The new jv is expected to be incorporated in the third quarter of 2012 subject to regulatory approvals, Nippon Shokubai says. “The new organization...

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