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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.

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Publication:JCNN News Summaries
Date:Feb 4, 2007
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