Japan’s JSR Corporation is dividing the emulsion business and fine business of its wholly owned subsidiary, Emulsion Technology Co (ETEC) in a spin-off. The emulsion business will remain as ETEC and transfer to Nippon Shokubai.
Both companies have signed the share transfer agreement, which is scheduled for 1 April 2025..
Meanwhile, the Fine business will become a new subsidiary of the JSR Group under the name JSR Fine Technology Co.
ETEC was established in 1963 as a subsidiary of JSR and currently operates two businesses: the Emulsion business and Fine business.
The emulsion business manufactures and sells products such as waterproofing materials, adhesives, and tackifiers for construction, civil engineering, and various industries. It uses synthetic rubber latex and acrylic emulsions as its main raw materials, and utilises JSR’s emulsion polymerisation technology and compounding technology.
The Fine business manufactures raw material polymers for electronic materials and display materials.