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Chemical Week Magazine :: Newsbriefs
Tokai Carbon completes acquisition of Cancarb
6:42 AM MDT | April 25, 2014
TransCanada (Calgary, AB) has closed the sale of Cancarb to Tokai Carbon (Tokyo) for $190 million. Cancarb, a producer of carbon black, has a 45,000-m.t./year plant at Medicine Hat, AB. The sale, which includes an associated power plant, was announced in January. Tokai Carbon reported sales of ¥101 billion ($988 million) and net income of ¥3.1 million in...
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