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Hodogaya/ United Phosphorus Ltd jv in Japan
Jan. 9, 2008
Japanese company Hodogaya Chemical and United Phosphorus Ltd (UPL) have agreed to establish a 60:40 joint venture to market agrochemicals in Japan, with a focus on the non-crop sector. The new company, Hodogaya UPL Co, will start operations on March 3rd 2008 and be based in Tokyo. It will have six directors, four from Hodogaya and two from UPL, with the president coming from Hodogaya.
Hodogaya has been expanding its non-crop herbicide business, including home and garden use, in response to the growth in this sector in Japan, the company says. UPL has been looking for a suitable partner to expand its activities in Japan, particularly in turf herbicides, Hodogaya adds. The combination of Hodogaya's research and development expertise in non-crop applications and UPL's wide range of products will enable the new operation to respond more quickly and specifically to customer demand, the Japanese company says.
Source: AgroNews
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