Asian silica production merger

Tokyo-Tokuyama Corp. and Oriental Silicas Corp. (OSC) of Taiwan are to merge their Thailand-based precipitated silica manufacturing operations. The deal, to take effect on 31 May, will see Tokuyama acquire a 20-percent stake in OSC, the Japanese firm announced 21 April.

Both companies are trying to increase their presence in the 350-kilotonnes-per-annum Asian market for precipitated silicas, according to a Tokuyama statement.

The Asian market for precipitated silica is growing 5-10 percent a year driven by increasing demand for tyres and other rubber products, said Tokuyama.

Tokuyama produces…

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