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.”