Mitsubishi, Schenectady form second alkylphenol JV; DIC adds capacity. (Asia/Pacific).(MItsubishi Chemicals buys 50% of Schenectady Korea from Schenectady International)(Brief Article) From: Chemical Week | Date: January 15, 2003| Author: Moore, Stephen | COPYRIGHT 2003 Chemical Week Associates. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Mitsubishi Chemical says it has acquired a 50% share in Schenectady Korea (Seoul) from Schenectady International for an undisclosed amount. Schenectady Korea operates a 7,000-m.t./year alkylphenols plant at Yeosu, Korea and has sales of won 11.5 billion ($10 million)/year. Schenectady acquired the business last year from Kumho P&B Chemicals (Seoul) (CW, Jan. 2, 2002, p. 49). Mitsubishi and Schenectady already have a 50-50 joint venture, Yuka Schenectady Co. (Tokyo), that markets al...

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