23 May 2013
Details
Shin-Etsu Chemical Co.,Ltd.
has acquired the total shared indirectly held by
General Electric Company (GE) of
Asia Silicones Monomer Limited (ASM)
for about 15 billion.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
About ASM
* Established in 2001 by
Shin-Etsu Chemical and GE Group
as a 50 : 50 joint venture
* Located in Rayong, Thailand
* In 2006 GE sold their silicone business,
GE Advanced Materials,
to Apollo Management, L.P. ;
however, GE has continue to hold its shares in ASM,
and up to the present,
GE has managed ASM together with Shin-Etsu Chemical.
* As of May 17, 2013, ASM became
an indirectly wholly owned Shin-Etsu Chemical Group company.
Aim of the acquisition
* To further integrate the operation of ASM with those of
Shin-Etsu Silicones (Thailand) Limited (SEST) which
manufactures and sells silicone end-products.
* Shin-Etsu will expand its business in Asian region by
optimizing the efficiency of its silicones business in Thailand.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
