After friendly negotiation between Arakawa Japan and Wuzhou Pine Chemicals Co.,Ltd, Arakawa Japan has announced that they has acquired other 10% stock from Wuzhou Arakawa Chemical Inudatries, Ltd., and Guangxi Arakawa Chemical Industries, Ltd., which formerly held by Wuzhou Pine Chemical Co.,Ltd. Wuzhou Arakawa Chemical Inudstries, Ltd., is solely held by Arakawa Japan, and Guangxi Arakawa has become a Joint foreign fund company which invested by Arakawa and MITSUI & CO., LTD.
Wuzhou Arakawa was established in 1995 and Guangxi Arakawa in 2004; besides stock acquisition, Arakawa also enlarge its investment in other two companies in Wuzhou.