Showa Denko and KH Neochem agree to dissolve ethyl acetate JV

摘要

SHOWA Denko (SDK) and KH Neochem Co., Ltd. (KHNC) have agreed to dissolve their joint venture, Japan Ethyl Acetate Co., Ltd. (JEA). JEA was established in August 2003 for the purpose of strengthening the foundations of the two parent companies' ethyl acetate businesses. JEA began commercial production in April 2004. While demand for ethyl acetate has grown inside and outside Japan since then, the business environment has changed dramatically, reflecting the rise in raw material costs and capacity expansions in neighboring countries.