The signing of a deal in Essen on November 11, 2010, sees SKC, a Seoul, Korea-based company, acquiring a 45-percent share in Evonik Degussa Peroxide Korea Co., Ltd. (Ulsan), a subsidiary of Evonik Degussa GmbH.
Evonik Degussa Peroxide Korea is the largest manufacturer of hydrogen peroxide in Korea, where it has been operating since 2006.
“SKC’s acquisition of a stake in Evonik Degussa Peroxide Korea will strengthen the good relations our two companies already have and will position us optimally for future growth,” said Jan Van den Bergh, Head of the Industrial Chemicals Business Unit, at the contract’s signing. “For our partner, SKC, this cooperation also means both a high degree of supply security and greater independence from prevailing market prices for their hydrogen peroxide needs.”
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