AGC is to expand the production lines of its AGC Wakasa Chemicals subsidiary at the Kaminaka plant in Japan’s Fukui prefecture. The amount involved was not disclosed but the expansion, due to start operation in Q1 2024, will increase AGC Wakasa Chemicals’ manufacturing capacity by 50%, with more potentially to come.
Mitsui Chemicals Agro, the agrochemicals subsidiary of Mitsui Chemicals, has agreed to acquire the agrochemicals business of its Japanese compatriot Meiji Seika Pharma. No financial details were disclosed, other than that the impact on total sales is expected to be minor.
The acquired business is based in Tokyo with a manufacturing subsidiary in Iwate and six branch offices, employing 110. It will be fully integrated into Mitsui Chemicals Agro. The company offers various formulations, including:
* Probenazole, the world’s first systemic acquired resistance type fungicide
Mitsui Chemicals has announced that its Y1,830/share tender offer for the common stock of its Japanese compatriot, Honshu Chemical Industry, was completed on 11 June. The company had originally announced its intention to buy most of Honshu Chemical eight months previously.
Merck KGaA is to spend €20 million to expand the R&D and manufacturing capabilities at its site in Shizuoka, Japan, where it opened a 6,000 m2 facility in January. Due to be complete by January 2022, this will mainly address demand in areas driven by the digital economy boom.