Sojitz to Make Nippon A&L Subsidiary

Sojitz, Mitsui Chemicals, and Sumitomo Chemical signed a share purchase agreement for Nippon A&L, a company engaged in the manufacture, sale, and R&D of SBR latex and ABS resin. Following necessary procedures, the current ownership structure of 15% by Mitsui Chemicals and 85% by Sumitomo Chemical will shift by July to 66.5% by Sojitz and 33.5% by Sumitomo Chemical, making…