Printer Friendly

Tokai Carbon Acquires Majority Stake in Carbon Industrie-Produkte GmbH, Carbon Mechanik GmbH.

Tokyo, Japan, Feb 2, 2007 - (JCN) - Tokai Carbon announced on January 12 that it had acquired 80% equity in Carbon Industrie-Produkte GmbH and Carbon Mechanik GmbH, the "CIP Group". As a result, the CIP Group became a Tokai Carbon subsidiary.

The CIP Group, sells and machines isotropic graphite, extruded graphite, molded graphite and carbon-carbon composite. Tokai Carbon exports these graphite products and carbon products to Europe and sells them through existing European subsidiaries.

Tokai hopes this acquisition will improve its position in Europe for specialty graphite, and will allow the company to give better and more comprehensive service to its customers.

Tokai Carbon Fine Carbon Division has already 8 subsidiaries, affiliates and offices - 3 in Europe, 2 in USA and 3 in Asia, CIP Group becomes the 9th member of global network and contributes to world wide business strategy of Tokai Carbon.

Copyright [c] 2007 Japan Corporate News Network. All rights reserved.
COPYRIGHT 2007 Japan Corporate News Network K.K.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:JCNN News Summaries
Date:Feb 4, 2007
Words:152
Previous Article:Sumitomo Bakelite Begins Production of Phenolic Molding Compounds for Disc Brake Caliper Pistons.
Next Article:Nippon Steel, Chubu Plate Steel in Strategic Alliance.


Related Articles
Business Briefs.
Carbon black conference held.
Berlin hosts coatings conference. (Meetings).
IRC '03 held in Nuremberg.
Carbon black demand to increase 3.5%.
Composites: new rapid molding technologies and unusual reinforcement at Paris JEC Show.
Degussa buys PAEK resin from Ticona.
More carbon fiber coming.

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters |