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Asahi Glass, Adeka, and Kaneka finalize deal to exit chlor-alkali and VCM jvs with Shin-Etsu and Mitsubishi

6:57 AM MST | November 12, 2012 | Deepti Ramesh

Asahi Glass (Tokyo), Adeka (Tokyo), and Kaneka (Osaka) say they have today formalized a previously announced agreement to exit their two joint ventures that produce chlorine and caustic soda, and vinyl chloride monomer (VCM) with Shin-Etsu Chemical and Mitsubishi Chemical. The jv’s, Kashima Chlorine & Alkali (Kamisu, Japan) and Kashima Vinyl Chloride Monomer (Kamisu), will now operate as subsidiaries of Shin-Etsu. The companies initially announced their plan to exit the jv's in December 2011. Kashima Chlorine & Alkali, which was established in 1968...

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