Pharma Industry
Industry: Email Alert RSS FeedTakeda May Divest Latex Operations.(Takeda Chemical Industries Ltd.)(International Pages)(Brief Article)
Chemical Week, July, 2001
Takeda Chemical (Osaka) is considering selling its [yen]2.8-billion($22 million)/year styrene-butadiene (SB) latex business to Nippon A&L, a 67-33 joint venture between Sumitomo Chemical and Mitsui Chemicals. Takeda transferred sales and marketing responsibility for its SB latex operation to Nippon A&L on July 1.
Takeda operates an SB latex unit at Shimizu, Japan. Takeda says it wants to focus on life sciences. Nippon A&L produces SB latex and acrylonitrile butadiene styrene, and has sales of [yen]29 billion/year. Sumitomo and Mitsui plan to merge in 2003.
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