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Mitsubishi Chemical,Taiyo Nippon Sanso form alliance

8:34 AM MDT | October 4, 2013

Mitsubishi Chemical and industrial gases firm Taiyo Nippon Sanso Corp. (TNSC; Tokyo) have entered into a capital and business alliance. TNSC has, until now, supplied gases mainly to large customers in Japan. TNSC now intends to build gases plants at new Mitsubishi Chemical overseas manufacturing bases. Mitsubishi Chemical is currently TNSC’s largest shareholder, at roughly 15%, and will expand its stake to as much as 27% under the terms of the...

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