# Sanjiang Chemical to acquire Lotte Chemical (Jiaxing) for 212 million yuan

China Sanjiang Chemical's indirect wholly-owned subsidiary Sanjiang Chemical plans to acquire 100% equity of Lotte Chemical (Jiaxing) Co., Ltd. from Lotte Chemical Co., Ltd. for approximately RMB 212 million. The target company manufactures ethanolamine and other ethylene oxide derivatives.

- Type: Acquisition
- Announced: 2023-08-30
- Where: Jiaxing, China
- Value: $29.0M (212.0M CNY)
- Status: announced
- Products: ethanolamine, diethanolamine, triethanolamine, polyethylene glycol monomethyl ether, polyethylene glycol, propylene glycol polyethylene glycol, isobutylene polyethylene glycol, isopentylene glycol, diethanol isopropanolamine, polypropylene plastic foaming
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Lotte Chemical](https://endata.com/companies/2025.md) (target)
- [Sanjiang Chemical](https://endata.com/companies/72702.md) (acquirer)

## Sources

- [allhdi.com](https://www.allhdi.com/archives/5411), 2023-09-19: "entering into the share purchase agreement will help the group increase its downstream production capacity and increase its local land bank"

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