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Asahi Kasei, Chisso, Mitsubishi, to Consolidate Fertilizer Subsidiaries
10:49 PM MDT | March 11, 2009 | Deepti Ramesh
Asahi Kasei Chemicals says that it has reached an agreement with Chisso (Tokyo) and Mitsubishi Chemical for the consolidation of the fertilizer businesses operated by their subsidiaries Chisso-Asahi Fertilizer (Tokyo) and Mitsubishi Chemical Agri (Tokyo). The companies have also initiated detailed studies for the consolidation. The operating environment for fertilizer manufacturers in Japan has become extremely challenging with declining fertilizer demand, Asahi Kasei says. And the increased costs for fertilizer precursor materials have made rationalization and...
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