11/04/2014

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JAPAN: Nippon Shokubai announces letter of intent to transfer of share in Nippon Polyester

Nippon Polyester had started operation in Suita City, Osaka, in 1952, has manufactured and sold FRP (fiberglass reinforced plastics) molding products as a pioneer, and furthermore, has expanded business in polycarbonate resin sheets.

However, the domestic demand for such products is not expected to expand continuously as building and civil construction products. For further growth, technological strength for new product development and cost reduction and marketing strength for business expansion are required.

Under such circumstances, Nippon Shokubai judged that synergies between Nippon Polyester and Takiron would enable further growth, because Takiron has developed and released various resin products including polycarbonate and has strong capabilities in technology and marketing. Based on this judgment, Nippon Shokubai decided to enter into a letter of intent to transfer of share in Nippon Polyester.

Source: Nippon Shokubai website, Osaka; 30 Oct 2014
(Syed Rashid Ali, Karachi, Pakistan)

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