# Daikin Industries becomes shareholder of OCSiAl

Daikin Industries has become a shareholder of OCSiAl, the world's largest producer of graphene nanotubes, following a share subscription agreement. The valuation of OCSiAl is about USD $2 billion. The companies also signed a cooperation agreement to develop graphene nanotube solutions for Li-ion batteries and fluoropolymers.

- Type: Acquisition
- Announced: 2021-07-27
- Where: Luxembourg
- Status: completed
- Products: graphene nanotubes, single wall carbon nanotubes
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [OCSiAl](https://endata.com/companies/19700.md)
- [Daikin Industries](https://endata.com/companies/6523.md) (investor)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20210727005953/en/Daikin-Industries-Becomes-OCSiAl-Shareholder), 2021-07-27: "The combination of OCSiAl’s and Daikin’s expertise and know-how could result in a fundamental shift in the global industry."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.