3i’s Azelis to Work With Marubeni for Asian Chemical Expansion
Stock Chart for Marubeni Corp (8002)
The companies have identified “many complimentary synergies” that will result from working together, Azelis and Marubeni said today in a joint statement. The immediate focus for the partnership is China as Japanese companies relocate capacity to the country.
“Finding a reliable distribution partner who provides in- depth market insights to define the winning approach to the market has been a challenge for western specialty producers,” Azelis Chief Executive Officer Joris Coppye said in the statement. “Marubeni and Azelis aim to change that.”
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