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Asahi Kasei Exits Okayama Chemical JV

6:56 AM MST | March 8, 2012 | Deepti Ramesh

Asahi Kasei Chemicals (AKC), an Asahi Kasei subsidiary, says it will exit its Okayama Chemical Co. (Tokyo) 50-50 joint venture with Daiso Co. (Osaka, Japan). Okayama Chemical, which was established in 1968, produces and sells chlorine, caustic soda and other chlor-alkali products. AKC and Daiso will dissolve the jv effective April 1, 2012, and following the dissolution, Okayama Chemical will operate as a wholly owned subsidiary of Daiso. Okayama Chemical’s production site is located at Kurashiki, Okayama Prefecture, Japan. Recent changes in the operating...

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