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Tosoh to absorb Nippon Polyurethane subsidiary
8:24 AM MDT | October 2, 2013 | Deepti Ramesh
Tosoh says that its board of directors, in a meeting held on 30 September, agreed to examine and prepare the company for a merger with its wholly owned Nippon Polyurethane Industry (NPU; Tokyo) subsidiary. NPU, which was established in 1960, produces and sells raw materials for polyurethane (PU)—methylene di-para-phenylene isocyanate and toluene diisocyanate—and PU derivatives. NPU’s isocyanate operations are integral to Tosoh’s vinyl chain operations. The merger will dissolve NPU as a legal entity and will bring the two...
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