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Nippon SHOKUBAI and Sanyo
Chemical Industries announced that they have reached a basic agreement to combine
their businesses through a share transfer.
The two companies will review and discuss the merger, reaching a definitive agreement around December 2019, and plan to establish an integrated holding company
in Kyoto, Japan, on October 1, 2020.
The holding company will be listed on the Tokyo Stock Exchange, while both Nippon Catalyst and Sanyo Chemical will be delisted and become wholly-owned subsidiaries of
the holding company.
The business integration focused on the acrylic and superabsorbent polymer (SAP) business
.
At present, Sanyo Chemical and Japan Catalytic have a combined SAP production capacity of more than 1 million tons
.