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Mitsui Chemicals acquires majority stake in Korean optical lens monomer company

7:31 AM MST | February 21, 2013 | Deepti Ramesh

Mitsui Chemicals says that it has entered into a share purchase agreement with shareholders including the management of KOC Solution (Taejon, South Korea), a manufacturer and distributor of plastic optical lenses monomers, to acquire 51% of KOC’s shares. Following acquisition of the shares, KOC will become a subsidiary of the Mitsui Chemicals group. Mitsui says it positions optical lenses monomers as one of five world leading businesses under its midterm business plan. Mitsui aims to expand worldwide sales of its high-index lenses while actively...

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