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Chemical Week Magazine :: Business & Finance :: Asia/Pacific
Asahi Kasei Exits Chlor-Alkali JV, Builds Acetonitrile Plant
8:04 AM MDT | March 16, 2012 | —Deepti Ramesh
Asahi Kasei Chemicals (AKC), an Asahi Kasei subsidiary, says it will exit its Okayama Chemical (Tokyo) 50-50 joint venture with Daiso Co. (Osaka). 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 and, following the dissolution, Okayama Chemical will operate as a wholly owned subsidiary of Daiso. Okayama Chemical’s production site is at Kurashiki, Japan. Recent changes in Okayama Chemical’s operating environment led AKC and...
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