Asahi Kasei, Mitsubishi to Merge Fertilizer Subsidiaries?

Asahi Kasei Chemicals (AKC), an Asahi Kasei subsidiary, says it has reached an agreement with Chisso (Tokyo) and Mitsubishi Chemical for the consolidation of the fertilizer businesses operated by their Chisso-Asahi Fertilizer (Tokyo) and Mitsubishi Chemical Agri (Tokyo) affiliates. The companies have initiated detailed studies for the consolidation but did not disclose the form the consolidation might take. The operating environment for fertilizer manufacturers in Japan has become extremely challenging with declining demand, Asahi Kasei says. Increased costs of...

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