Hunan Fluopont New Materials Co., Ltd. announced that it has received CNY 230.973451 million in funding from Nippon Shokubai Co., Ltd., Toyota Tsusho Co., Ltd.
February 23, 2023
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On February 24, 2023, Hunan Fluopont New Materials Co., Ltd., closed the transaction. The transaction included participation from new investors, Nippon Shokubai Co., Ltd. for 38.00% stake in the company and Toyota Tsusho (Shanghai) Co., Ltd. for 5.50% stake in the company.
NIPPON SHOKUBAI CO., LTD. is engaged in the manufacture and sale of chemicals. The Company has three business segments. The Basic Chemical segment manufactures and sells acrylic acid, acrylic acid ester, ethylene oxide, ethylene glycol, ethanolamine, and glycol ethers. The Functional Chemical segment is involved in the manufacture and sale of water-absorbing resins, medical intermediates, polymers for concrete admixtures, electronic information materials, iodine, maleic anhydrides, adhesives, resins for coating materials, resin molding products and processed adhesive products. The Environmental and Catalytic segment manufactures and sells automobile catalysts, nitrogen oxide (NOx) removal catalysts, process catalysts and others.
Hunan Fluopont New Materials Co., Ltd. announced that it has received CNY 230.973451 million in funding from Nippon Shokubai Co., Ltd., Toyota Tsusho Co., Ltd.
NIPPON SHOKUBAI CO., LTD. 
