With the purchase of the 5% stake it had not already owned, Tokai Carbon Corp. has acquired full ownership of Thai Tokai Carbon Product Co. Ltd. (TCP).
TCP was established in 1989 as a carbon black manufacturing and selling company through a joint venture consisting of several companies in Thailand. In 1990, Tokai Carbon started a technology licensing agreement with TCP and acquired a 25% interest. It subsequently acquired 95% ownership. Making TCP a wholly owned.
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