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Korea (413)


Hanwha Chemical acquires majority stake in TDI producer KPX
Hanwha Chemical (Seoul) is acquiring a 50.71% stake in KPX Fine Chemical (Yeosu, South Korea) for 42 billion South Korean won ($40.8 million). The transaction is expected to close by 1 October. The remaining shares in KPX are listed on the stock exchange...

Songwon swings to loss
Songwon Industrial (Ulsan, South Korea) reports a net loss of 6.71 billion South Korean won ($6.6 million) for the second quarter of 2014 compared with a net profit of won518 million in the year-ago quarter. Songwon’s second-quarter sales remained...

Songwon completes acquisition of specialty chemicals business of Indian firm SeQuent
Songwon Industrial (Ulsan, South Korea) says it has completed the previously announced acquisition of the specialty chemicals business of pharmaceutical company SeQuent Scientific (Bangalore, India). The acquisition includes SeQuent's polymer stabilizer...

Alvogen acquires Korean Dream Pharma for $187 million
Alvogen (Pine Brook, NJ), a privately owned pharmaceuticals company focused on developing, manufacturing, and distributing generic, OTC, and biosimilar products, announced today that it is acquiring Dream Pharma, a South Korean company, for $187 million in...

Sumitomo Seika Chemicals outlines superabsorbents investment in Korea
Sumitomo Seika Chemicals is to form a new polymers company at the end of this month to build and operate a superabsorbents production facility at Yeosu, South Korea, to meet brisk demand. Sumitomo Seika will hold 90% in the venture, which will be capitalized...

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