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Aica Kogyo, through its subsidiary Aica Thai Chemical, has signed an agreement to acquire all shares of KUEN BONG TECHNOLOGY (THAILAND) COMPANY LIMITED, a Thai resin company. The acquisition aims to expand Aica Kogyo's phenol resin production capacity by about 2.5 times.
Applied DB Public Company Limited (ADB) announced the closing of a joint venture deal with AICA ASIA PACIFIC HOLDING PTE. LTD., a subsidiary of AICA KOGYO CO., LTD., which acquired 51% of ADB Sealan Company Limited for 360 million baht.