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Marubeni Corp to Grow Cogeneration Business with Solvay SA- Nikkei

Monday, 23 Sep 2013 08:00pm EDT 

Nikkei reported that Marubeni Corp will join hands with Belgian chemical group Solvay SA to install cogeneration systems at plants owned by companies in the steel, chemical, and paper and pulp industries, among others. The duo will set up a joint venture as early as this month in Paris alongside the Caisse des Depots group, a government-backed French financial institution, with each holding a 33.3% interest. Marubeni and Solvay also plan to establish a second venture in Asia by summer 2014. The location of the latter has yet to be determined, but another Japanese firm with equipment design and management know-how may be brought into the process. 

Company Quote

-7.0 -0.95%
11 Jul 2014