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August 29, 2017 12:00 AM

Tokai takes over Thai carbon black venture

Patrick Raleigh
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    Tokyo – Tokai Carbon Corp. has acquired full ownership of Thai Tokai Carbon Product Co., Ltd. (TCP), with the purchase of the 5% stake it had not previously owned

    TCP was established in 1989 as a carbon black manufacturing and selling company through a joint venture consisting of several companies in Thailand.

    In 1990, Tokai Carbon started a technology licensing agreement with TCP and acquired a 25% interest. It subsequently acquired 95% ownership.

    Making TCP a wholly owned subsidiary, said a 22 Aug announcement: “will further strengthen management and technology exchanges at [Tokai Carbon] and strive to improve quality and service in southeast Asia where future growth is expected.”

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