Mitsui Chemicals : Agro Acquires Additional Shares of Sotus in Thailand
January 28, 2016 at 09:17 pm EST
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Mitsui Chemicals Agro, Inc. (Tokyo, President & CEO: Kazunori Tani, 'MCAG') announced today that MCAG acquired additional shares of Sotus International Co., Ltd. ('SOTUS'), an agrochemicals company in the Kingdom of Thailand, as of January 21st, 2016. Having reached a share sale and purchase agreement with Pacific Agriscience Pte., Ltd. ('PA'), a shareholder of SOTUS, MCAG acquired all the PA-owned shares of SOTUS to increase its shareholding ratio to 16.2% of SOTUS's total shares.
To enhance its overseas business, MCAG agreed to a business and capital tie-up with SOTUS and acquired 10% of its outstanding shares in 2011, to secure a production base in the growing Southeast Asian market.
In 2013, in order to strengthen its development capability in Southeast Asia, MCAG established a formulation research hub together with SOTUS, which has since become an important partner to MCAG.
The present transaction will enable MCAG to reinforce its partnership with SOTUS and to drive further success by accelerating development of new products in Southeast Asian markets.
Head Office of SOTUS
Formulation Research Center
(1) Company Name:
Sotus International Co., Ltd.
(2) Line of Business:
-Importation, formulation, domestic commercialization of crop protection and non-crop chemicals/fertilizer business
-Pest control operation business
(3) Foundation:
April 1st,1996
(4) Head Office:
Nonthaburi, Thailand (Near Bangkok)
(5) Chairman & CEO:
Yanyong Prathuangwong
(6) Capital:
200 million Baht
Attachment
Mitsui Chemicals Agro Acquires Additional Shares of Sotus in Thailand (PDF : 429KB)
Mitsui Chemicals Inc. issued this content on 29 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 January 2016 02:16:13 UTC
Original Document: http://www.mitsuichem.com/release/2016/160129.htm
Mitsui Chemicals, Inc. specializes in the manufacture and marketing of chemicals products. Net sales break down by product family as follows:
- basic chemicals and fine chemicals products (48.8%): polypropylene, polyethylene, phenols, polyolefins, polyurethane, etc.;
- performance chemicals products (25.5%): elastomers, urethane, polymers, etc. intended in particular for the automotive industry;
- coating materials, films and agrochemicals (14.6%): resins, adhesives, polypropylene films, polyethylene films, industrial films, agrochemicals (insecticides, fungicides, herbicides, etc.) for the food and packaging sectors;
- specialty materials (10.2%): ophthalmic lens materials, photochromic materials, non-woven fibers, dental products, etc. dedicated to the medical and healthcare industry;
- other (0.9%).
Net sales are distributed geographically as follows: Japan (52.2%), China (14.5%), Asia (13.6%), America (11.8%), Europe (7.3%) and other (0.6%).
MITSUI CHEMICALS, INC. 
