Degussa and Shionogi establish precipitated silica/silica gel/matting agents JV in Japan

Citation

(2003), "Degussa and Shionogi establish precipitated silica/silica gel/matting agents JV in Japan", Pigment & Resin Technology, Vol. 32 No. 5. https://doi.org/10.1108/prt.2003.12932ead.011

Degussa and Shionogi establish precipitated silica/silica gel/matting agents JV in Japan

Degussa and Shionogi establish precipitated silica/silica gel/matting agents JV in Japan

Keywords: Silica, Degussa AG, Shionogi and Co. Ltd

Professor Dr Utz-Hellmuth Felcht, CEO of Degussa AG, Duesseldorf/Germany and Mr Motozo Shiono, President of Shionogi and Co., Ltd, Osaka/Japan have jointly announced in Tokyo that Degussa and Shionogi will establish a joint venture in Japan for precipitated silica, silica gel and matting agents. The joint venture will commence operation on 1 October 2003 and expects in the first year sales of approximately JPY 3 billion (USD 25.5 million). Degussa will hold through its subsidiary Degussa Japan Co., Ltd, Tokyo, 51 per cent of the new venture's shares whereas Shionogi will have 49 per cent.

"By this step we accomplish two objectives: we sharpen our focus on our pharmaceutical business and by joining forces with Degussa we help building a better future for our silica, silica gel and matting agents activities" said Mr Shiono. Being a part of its Industrial Chemicals Division, Shionogi will transfer production, sales and R&D activities to the new joint venture. Professor Felcht pointed out: "By the formation of this new joint venture Degussa realizes the next step in its silica strategy in Asia. From now on we will use the new venture to systematically grow and expand Degussa's silica business in Japan and Asia/Pacific." The new venture will benefit from Degussa's broad know how in precipitated silicas and matting agents, innovative product development and global distribution network backed up by several applied technology centres.