Issue Date: November 16, 2009
Japanese Firms Join For Polyvinyl Alcohol
The Japanese companies Sekisui Chemical and Denka Kagaku are forming a joint venture for the water-soluble polymer polyvinyl alcohol (PVOH). Under the deal, Sekisui will acquire 49% of an existing Denka PVOH plant in Japan’s Niigata prefecture. The purchase follows Sekisui’s July purchase of Celanese’s PVOH business for about $173 million. Sekisui needs PVOH to make polyvinyl butyrate, a polymer it uses as a raw material for auto safety glass films.
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