Kurita strengthened business in South Korea
Kurita Water Industries Ltd. (KWI) is pleased to announce that it acquired approx. 50% of the issued shares of Hansu Co., Ltd., an equity method company in South Korea, on November 30. As a result of this acquisition, Kurita’s equity stake in Hansu Co., Ltd. increased to 85% and the company became Kurita’s consolidated subsidiary.
The Kurita Group aims to take a further leap forward as a corporate group achieving success in global competition by establishing a global business network spanning the four regions of Japan, Asia, Europe and North and South America. The acquisition of the shares of Hansu Co., Ltd. was carried out as a measure for strengthening businesses in South Korea, one of the strategically important markets in Asia.
For further details please read official press release of KWI.