NGS Advanced Fibers Co., Ltd. cancelled the acquisition of NICALON business from Nippon Carbon Co. Ltd..
June 08, 2013 at 12:00 am EDT
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NGS Advanced Fibers Co., Ltd. agreed to acquire NICALON business from Nippon Carbon Co. Ltd. (TSE:5302) on June 8, 2012. The business transfer contract is expected to be concluded on June 19, 2012. The transaction was resolved by the Board of Directors of Nippon Carbon on June 8, 2012. The transaction is expected to significantly affect the Nippon's financial base, management results and cash flow status but will have no impact on consolidated results.
NGS Advanced Fibers Co., Ltd. cancelled the acquisition of NICALON business from Nippon Carbon Co. Ltd. (TSE:5302) on June 8, 2013.
Nippon Carbon Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of carbon products. The Company operates in three business segments. The Carbon Product-related segment is engaged in the manufacture, processing and sale of carbon products, including artificial graphite electrodes, impervious graphite, isotropic high purity graphite, graphite products for equipment, general carbon fiber and graphitic fiber, lithium-ion battery negative-electrode materials and others. The Silicon Carbide Product-related segment manufactures and processes materials, and sells products. Others segment is engaged in the leasing of real estate properties, as well as manufacture and repair of industrial machinery.