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AGC transfers shares of polymer material business to Saint-Gobain

This article was originally posted on Chemical Engineering Online.
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Summary
AGC Inc. has agreed to transfer all its shares (a 50.72% stake) in AGC Polymer Material Co., Ltd. (APK) to Saint-Gobain K.K., effectively moving AGC’s polymer materials business under Saint-Gobain’s umbrella in Japan.

What strategic advantages might Saint-Gobain be targeting with APK’s integration, and how could this reshape competition in Japan’s polymer materials market?

AGC Inc. (Tokyo, Japan) has entered into a share transfer agreement with Saint-Gobain K.K. (Tokyo, Japan), the Japanese subsidiary of Compagnie de Saint-Gobain S.A. (Courbevoie, France). Under the agreement, AGC will transfer all of its shares in AGC Polymer Material Co., Ltd. (APK; Tokyo, Japan), a consolidated subsidiary in which AGC holds a 50.72% stake, […]

The post AGC transfers shares of polymer material business to Saint-Gobain appeared first on Chemical Engineering.

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