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AGC to Re-organize its Domestic Chlor-Alkali Business

Post Time:Mar 06,2012Classify:Company NewsView:217

 

Asahi Glass Co. of Japan has converted Hokkaido Soda Co. into a subsidiary with an investment stake of 51 percent, according to a news release. This decision is part of the company's efforts toward re-organizing its domestic chlor-alkali business following the signing of a basic agreement with other stakeholders to withdraw its capital investment from Kashima Chlorine & Alkali Co. The AGC Group will run the domestic chlor-alkali business with the existing Chiba Plant and Kashima Plant operating in an integrated manner with Hokkaido Soda.

 

Caustic soda, produced by electrolysis, is used as a basic industrial chemical in wide range of industries such as inorganic and organic chemicals, paper and pulp, and food, with an annual domestic demand of about 3.5 million tons, according to the company.

 

Source: http://www.usgnn.comAuthor: shangyi

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