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Ube Industries takes over running of Ube Ammonia Industry

6:59 AM MDT | August 7, 2013 | Natasha Alperowicz

Ube Industries says it will take over the running of plants belonging to Ube Ammonia Industry, a joint venture in which Ube Industries has a 50.6% stake, Central Glass 22.5%, Kyowa Hakko Bio 16.9%, and Seibu Oil Co. 10%. Ube Industries will begin running the operations as of 1 October 2013. The service agreement includes Ube Industries overseeing all plant operations including the manufacturing of ammonia and other raw materials. Ube Ammonia Industry manufactures ammonia, carbon dioxide, oxygen, and nitrogen and sells the products to its shareholders.   Ube...

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