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DIC buys out Hitachi Chemical in unsaturated polyester resins JV

5:17 AM MDT | July 5, 2013 | Deepti Ramesh

DIC Corp. (Tokyo) and Hitachi Chemical (Tokyo) say that DIC will acquire Hitachi Chemical’s 50% stake in their DH Material (Tokyo) joint venture, and as a result, DH Material will become a wholly owned subsidiary of DIC starting 1 October 2013. DH Material was established as a 50-50 jv in 2005 to handle the two companies’ unsaturated polyester resins and vinyl ester resins manufacturing, sales, and research and development activities in Japan. DH Material employs about 120 people. DH Material, since its establishment, has advanced its business mainly...

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