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Perstorp and Koei Chemical Company form joint venture in Japan

Published on 2003-03-17. Author : SpecialChem

 

Koei and Perstorp have reached an agreement in principle to establish a JV-company for the marketing and distribution of specialty chemical products to the coatings-, lubricants-, polymers- and specialty chemicals industries, mainly in the Japanese market. The product portfolio will include a range of chemical products from Perstorp and the polyol products manufactured, sold and distributed by Koei Chemical Company, Ltd in Japan.

"This agreement will expand our access to the Japanese market, and further enhance the sales of our range of specialty chemicals products in the important Japanese market" says Bengt Sallmén, Business Area Manager for Perstorp Coating Intermediates.

The ownership structure of the new company, to be named Koei-Perstorp Company, Ltd, will be Koei Chemical Company, Ltd 60% and Perstorp 40%.

The objective is to have the JV in operation during the second quarter of this year, with business location in Tokyo, Japan.

The JV will employ around 10 people engaged in sales, technical service, customer service and distribution of the products in the Japanese market.

Source: Perstorp AB


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