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September 12, 2006 |
Chisso Asahi Fertilizer Co., Ltd.
Chisso Corp.
Asahi Kasei Chemicals Corp.
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Integration of fertilizer operations
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Chisso and Asahi Kasei Chemicals have agreed to integrate their
respective fertilizer R&D and production operations in their joint venture Chisso
Asahi Fertilizer. Chisso Asahi Fertilizer has performed marketing and sales
of fertilizer products developed and produced by its parent companies since 1969.
The integration of R&D and production in Chisso Asahi Fertilizer is scheduled for
January 1, 2007.
The fertilizer R&D and production of Chisso is located at sites in Minamata,
Kumamoto, and Tobata, Fukuoka, while that of Asahi Kasei Chemicals is centered in
its site in Fuji, Shizuoka.
The integration of fertilizer R&D and production will enable swift response to
changes in the operating climate and the acceleration of new product development,
with enhanced efficiency throughout R&D, production, and management, reinforcing
Chisso Asahi Fertilizer's presence as a key supplier to Japan's agricultural and
horticultural industries.
With the transfer of R&D and production operations, the share of ownership in Chisso
Asahi Fertilizer held by Chisso will increase from 50% to 65%, while that of Asahi
Kasei Chemicals will decrease from 50% to 35%.
Chisso Asahi Fertilizer corporate profile |
| (as of March 31, 2006) |
| President: |
Takeshi Sato |
| Head Office: |
Bunkyo, Tokyo |
| Establishment: |
July 1969 |
| Business line: |
Marketing and sale of fertilizer |
| Net sales: |
¥19 billion (year ended March 2006) |
| Employees: |
74 |
| Offices: |
Tokyo, Sapporo, Tohoku, Fuji, Nagoya, Osaka, Chugoku/Shikoku, Fukuoka, Kumamoto |
| Paid-in capital: |
¥305 million |
| Shareholding: |
50% by Chisso, 50% by Asahi Kasei Chemicals |
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