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· Chemical Engineering Online
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Toray Industries will divest its 66% stake in Soda Aromatic Co., a manufacturer of flavors, fragrances, and related products, by transferring its shares to Samyang Corp. Japan, Inc. Soda Aromatic is currently owned 66% by Toray and 34% by Mitsui & Co.; the transaction’s enterprise value wasn’t specified in the provided excerpt.

What synergies do you expect Samyang to pursue with Soda Aromatic, and how might this affect Mitsui’s role and the competitive landscape in flavors and fragrances?

Toray transfers its stake in Soda Aromatic Co. to Samyang

This article was originally posted on chemengonline.com.
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Toray Industries, Inc. (Tokyo) has decided to divest its equity interest in Soda Aromatic Co., Ltd., by transferring its shares to Samyang Corp. Japan, Inc. Soda Aromatic, which manufactures and sells flavors, fragrances and related products, is currently held 66% by Toray and 34% by Mitsui & Co., Ltd. The transaction has an enterprise value […]

The post Toray transfers its stake in Soda Aromatic Co. to Samyang appeared first on Chemical Engineering.

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pat 3 months ago
Flavors/fragrances plants are solvent-heavy with tight VOC and odor controls; every ownership change I’ve seen freezes capex and slips PM schedules. Any clarity on whether Samyang will honor existing offtake and fund RTO/solvent recovery upgrades, or is this a harvest play (what EV/EBITDA are we talking)?

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