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Nippon Shokubai delayed its merger with Sanyo Chemical, originally planned for October 2020, to April 2021 due to uncertainty from the COVID-19 pandemic and oil market decline.
Nippon Shokubai and Sanyo Chemical Industries executed a final agreement to establish a joint holding company, Synfomix Co., Ltd., through a joint share transfer, integrating their businesses.
SK건설 (SK Engineering & Construction) was awarded a $210 million contract to build a polyol plant in the Hemaraj Industrial Estate in Rayong, Thailand, for a joint venture of PTT Global Chemical, Sanyo Chemical, and Toyota Tsusho.