Ashland Performance Materials (Columbus, Ohio) took full control of the Brazilian company Ara Química in late April, concluding the joint venture entered into in 1999 when Ara Ashland was created. Ashland Inc. has five sites in Brazil. The manufacture of polyester resins occurs in Araçariguama, in the state of São Paulo. Other activities, such as the production of phenolic resins for the foundry industry and chemicals for water treatment and paper technologies, are located in Campinas, Paulínia, Leme and Americana.
Editor PickTeijin acquires CSP: A safer growth choice?
Teijin’s presence in Auburn Hills is clearly another step into vertical integration of the supply chain.