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Sumitomo Chemical and Zeon Corporation have agreed to form a joint venture, ZS Elastomer Co Ltd, by integrating their solution styrene butadiene rubber (S-SBR) businesses. Zeon will hold 60% and Sumitomo Chemical 40%.
“Sumitomo Chemical and Zeon have been looking into various opportunities of co-operation, including developing new products to better meet customers’ needs by bringing their technologies together.”business-standard.com
Summarized from public sources; check the original articles before acting on it.