Osaka Soda to acquire 31.3 percent stake in Nitto Kako

TOKYO, JAPAN: Osaka Soda Co Ltd has agreed to acquire1,200,000 shares (31.3 percent of voting rights) in Nitto Kako Co Ltd (Nitto Kako)

Major shareholders of Nitto Kako are Mitsubishi Chemical Co Ltd which holds 36.3 percent and Aichi Tire Industry Co Ltd which holds 5.3 percent.

Nitto Kako is a manufacturer of the rubber compounds for vehicle application and the moulded products such as rubber sheets or rubber mats for construction and gains high customer appreciation through technological abilities.

Osaka Soda and its affiliated companies are expanding business according to its mid-term management plan “Next Frontier-100” in which “new products and new businesses” and “expansion of global businesses” are positioned as growth engine.

Osaka Soda boosted the downstream expansion of compound business, especially, focusing on epichlorohydrin rubber for office automation equipment which features a superior heat resistance, oil resistance, and electrical conduction and on synthetic rubber such as acrylic rubber for vehicle which features a superior heat-resistance and oil-resistance.

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