Umicore and Nippon Shokubai form joint venture

Umicore and Nippon Shokubai form joint venture

The materials technology company Umicore (Belgium) and Japanese chemicals company Nippon Shokubai have announced the creation of a new joint venture in the field of catalysts for reducing vehicle emissions.

The venture, Umicore Shokubai, will focus on providing automotive catalyst systems for Japanese manufacturers of light and heavy duty vehicles around the world. The new joint venture is owned 60% by Umicore and 40% by Nippon Shokubai.

Umicore Shokubai has the intention to invest in a new automotive catalyst Technical R&D Centre to be built in Tokoname City, Aichi Prefecture, Greater Nagoya.

The investment has qualified for subsidies from the Japanese government as well as local incentives from the Aichi Prefecture.

※This news is quoted from the website of Nippon Shokubai.

 

Reference

 

Website: Nippon Shokubai　( What’s new > 2012 )

http://www.shokubai.co.jp/en/news/news0030.html

 

Website: Aichi Prefecture ( Memorandum of Understanding )

http://www.pref.aichi.jp/cmsfiles/contents/0000051/51929/oboegaki.pdf