Belgian-French multinational chemical company Solvay announced it has taken full ownership of its joint venture stake Solvay Special Chem Japan by acquiring 33% of the minority shares from Santoku Corporation. As the sole owner of this operation located in Anan in Japan, Solvay has advanced its capabilities in the production of Rare Earth specialities used for emissions control in automotive, semiconductor processing, and other emerging technologies including solid oxide fuel cells. This transaction further strengthens Solvay’s global plans to leverage its exceptional industrial and technical capabilities in Rare Earths chemistry to play a key role in mobility, connectivity and electrification.
Belgian-French multinational chemical company Solvay announced it has taken full ownership of its joint venture stake Solvay Special Chem Japan by acquiring 33% of the minority shares from Santoku Corporation. As the sole owner of this operation located in Anan in Japan, Solvay has advanced its capabilities in the production of Rare Earth specialities used for emissions control in automotive, semiconductor processing, and other emerging technologies including solid oxide fuel cells. This transaction further strengthens Solvay’s global plans to leverage its exceptional industrial and technical capabilities in Rare Earths chemistry to play a key role in mobility, connectivity and electrification.