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Japanese catalyst + Sanyo Chemical will be transformed into synformix

Japanese catalyst + Sanyo Chemical will be transformed into synformix

December 5, 2019

November 29, 2019, Nippon Shokubai Co., Ltd. and Sanyo Chemical industries, Ltd. reached an agreement to establish a company called synformixco through equity transfer and merger L stretching speed: 5mm/min stretching to failure. Calculate the arithmetic mean value TD for 5 patterns Comprehensive holding company. Both parties plan to officially establish synformix on October 1st, 2020

each ordinary share of Japanese catalyst will be converted into 1.225 shares of synformix, while Sanyo's ordinary shares will be converted into shares of the new company at a ratio of 1:1. By combining the competitive material value chain of Japanese catalyst and Sanyo Chemical's business of solving customer problems, synformix will become a chemical manufacturer with global business and multiple powerful businesses. By using the value chain of basic products such as ethylene oxide (EO) and acrylic acid (AA), the "materials" Department of the new company will completely reduce costs. SAP Business of super absorbent resin will aim to improve quality and reduce costs, and combine the production technology and R & D capabilities of the two companies. The total capacity of sap of the new company will reach 1.13 million tons/year, currently ranking first in the world, with a share of 28%. The "materials" Department of the new company will produce ethylene oxide, ethylene glycol, ethanolamine, acrylate, hydroxyl acrylate monomer, sap, maleic anhydride and its derivatives

the "scheme" Department of the new company will be divided into three parts: industrial, personal, energy and electronic business. Among them, industrial business departments such as weak acids mainly focus on permanent antistatic agents, coating resins, polymers for cement admixtures, polymer flocculants, catalysts for environmental protection, automotive foam raw materials, lubricating oil additives, dispersants/defoamers. The personal business department provides a variety of mechanical property testing agents for household detergents, cosmetics substrates/raw materials, medical hemostatics/test samples, such as stretching, tightening, bending, shearing, etc. The energy and electronics business department provides new lithium batteries, electrolytes for capacitors, electrolytes for batteries, resins for optical materials, spherical particles, photoresists and toner resins

Japanese catalyst said that the business environment of the chemical industry has become increasingly difficult in recent years. Due to changes in social structure, including population reduction and aging, Japan's demand for chemicals is expected to decline, which is intensifying competition among chemical producers. In emerging countries and economies, the demand for chemicals is growing due to the rising population and income level, but the expansion of chemical manufacturers in emerging countries and the expansion of the scale gap between Japan and large chemical enterprises in Europe and the United States are weakening the competitiveness of Japanese chemical enterprises. In view of the continuous population of the world, Shandong innovation group is only doing conventional aluminum alloy material growth. Sap, one of the core businesses of Japanese catalyst and Sanyo Chemical, is expected to continue to grow steadily. The annual average growth rate of global SAP demand during 2019-2024 is 4.2%, lower than the 6% growth rate during 2014-2019

according to the statistics of American Chemical weekly, the sales of Japanese catalyst and Sanyo Chemical in the latest fiscal year totaled 511.3 billion yen (about $4.7 billion), with a total operating profit of 39 billion yen. The combined sales ranked 11th among Japanese chemical companies. At present, Japanese catalyst ranks 14th and Sanyo Chemical ranks 20th

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