MORESCO Corporation completed the acquisition of remaining 50% stake in Wuxi Moretex Technology from Tex Year Technology Corp.

MORESCO Corporation is a Japan-based company engaged in the manufacture and sale of chemicals including special lubricating oil, synthetic lubricating oil, materials and hot melt adhesives. The Company operates in four geographical segments. Japan segment is involved in the manufacture and sale of the Company’s main products, as well as brake fluid and antifreeze for automobiles. China segment is involved in the manufacture and sale of special lubricants and hot melt adhesives through the Company’s subsidiaries in China. Southeast and South Asia segment is involved in the manufacture and sale of special lubricants and hot melt adhesives through the Company’s subsidiaries in Southeast and South Asia. North America segment is involved in the manufacture and sale of specialty and synthetic lubricants.