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Covestro now holds 80% of stake.
November 30, 2018
By: Anthony Locicero
Copy editor, New York Post
DIC Corporation and Covestro Japan Ltd. recently reached an agreement whereby Covestro Japan will raise its stake in joint venture DIC Covestro Polymer Ltd., a leading company in the Japanese thermoplastic polyurethane industry, which was formed in June 2000. Under the agreement, Covestro Japan will increase its stake in the joint venture by 30 percentage points, to 80%, while DIC’s holding will become 20%. Closing is expected in the second quarter of the fiscal year 2019. This is subject to th...
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