With the purchase of the 5% stake it had not already owned, Tokai Carbon Corp. has acquired full ownership of Thai Tokai Carbon Product Co. Ltd. (TCP).
TCP was established in 1989 as a carbon black manufacturing and selling company through a joint venture consisting of several companies in Thailand.
In 1990, Tokai Carbon started a technology licensing agreement with TCP and acquired a 25% interest. It subsequently acquired 95% ownership.
Making TCP a wholly owned.
Sourced article found here (subscription required).
Leave a Reply