Great Lakes and Teijin Chemicals intend to combine their global brominated carbonate oligomer activities
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Great Lakes Chemical Corporation and Teijin Chemicals LTD announced they intend to combine their global brominated carbonate oligomer (BCO) activities as part of a joint venture to market flame retardants for various engineering polymers and blends, including polybutylene terephalate (PBT) and polycarbonate (PC) resins for use in electronic component applications.
Each party anticipates holding a 50% stake in the joint venture, to be headquartered in Japan, which is expected to commence during the second quarter of 2005. Great Lakes will be appointed exclusive sales agent for the joint venture. The company currently manufactures brominated carbonate oligomers in its El Dorado, Arkansas, USA, facilities while Teijin produces the materials in Matsuyama, Japan.
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