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Japanese textile chemical industry moves toward reorganization
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Realignment through buyouts of textile chemical businesses are proceeding
in many chemical manufacturers in Europe, and similarly, there has been a movement
to put into practice a realignment plan in Japan and it is expected to
surface in November. The way will resemble how LANXESS of Germany assigned all
textile chemical businesses to Tanatex of the Netherlands, which was oriented
toward enhancing its textile chemical business worldwide, in order to focus on
non-textile business divisions.
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