Mitsui Chemicals acquires stake in Sotus International in Thailand

Mitsui Chemicals Agro, Inc. (MCAG) announced today that it reached an agreement on business and capital tie-up with Sotus International Co., Ltd. (SOTUS), an agrochemicals company in the Kingdom of Thailand, and SOTUS agreed to issue 10% of its outstanding shares to MCAG.

MCAG has kept a good business relationship with SOTUS since 1997. SOTUS is responsible for distribution of MCAG’s proprietary products in Thailand and the two companies continue to exchange valuable technical information. SOTUS is an excellent partner for MCAG as not only one of its most important customers but also as a contract manufacturer of MCAG’s products for South East Asian markets.

MCAG positions the growing Asian market, including India, as its most strategically important market and undertook studies in connection with establishing a strategic base to support its business expansion in Asia.

This tie-up will enable MCAG to further strengthen its relationship with SOTUS and utilize SOTUS’s manufacturing capability as a formulation base for Asian markets.