Agrochemicals Mitsui Buys Into Thai Agrochemicals Specialist Sotus
Mitsui Chemical’s agraic solutions business MCAG buys additional shares in Sotus International, an agrochemicals company in Thailand from Pacific Agriscience, boosting its hare to a total of 16.2%.
Tokyo/Japan – To enhance its overseas business, MCAG agreed to a business and capital tie-up with Sotus and acquired 10% of its outstanding shares in 2011, to secure a production base in the growing Southeast Asian market.
In 2013, in order to strengthen its development capability in Southeast Asia, the Japanese company established a formulation research hub together with Sotus, which has since become an important partner to MCAG. The present transaction will enable MCAG to reinforce its partnership with SOTUS and to drive further success by accelerating development of new products in Southeast Asian markets.