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AGC to Restructure Chlor-Alkali Business, Converts Hokkaido Soda into a Subsidiary

Post Time:Mar 07,2012Classify:Industry NewsView:55

Tokyo, Mar 2, 2012 (JCN) - Asahi Glass Co. Ltd (AGC) has converted Hokkaido Soda Co. Ltd into a subsidiary with an investment stake of 51 percent, in line with its efforts toward reorganizing 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. Ltd.

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.

Read more: www.japancorp.net/press-release/24952/agc-to-restructure-chlor-alkali-business,-converts-hokkaido-soda-into-a-subsidiary

Source: http://www.glassonweb.com/news/index/15298/Author:

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