December 12, 2006 |
Energy provider Mirant Corp. has reached a deal to sell its Philippine business to a consortium that includes Tokyo Electric Power Co. for $3.42 billion. The Atlanta-based company said it expected the deal with Tokyo Electric and Marubeni Corp., which also includes working capital, to close in the second quarter of 2007.
September 23, 1996 |
Occidental Chemical Shuns Vietnam Venture: The unit of Los Angeles-based Occidental Petroleum Corp. has pulled out of a $109-million polyvinyl chloride resin venture in southern Vietnam, the Vietnam Investment Review said. The state-controlled weekly said Occidental Chemical Corp. walked away from the venture with Marubeni Corp. and two local firms because the authorities had licensed a rival project. The venture, Oxy-Vina Plastics & Chemical Co.
September 20, 2000 |
Hitachi Ltd., Japan's largest electronics maker, formed a joint venture with Clarity Partners and Marubeni Corp. to supply components used in fiber-optic equipment, a market it estimates is growing 36% a year. Hitachi will contribute its fiber-optic components unit, which had sales of $159 million in its last fiscal year, in exchange for a majority stake in OpNext Inc.
November 26, 1990 |
Ube Industries Ltd., a Japanese maker of chemicals, cement and machinery, established a joint venture with Britain's Marubeni Corp. to provide plastic composites to users in Europe such as auto makers and producers of office automation equipment, the companies announced today. The joint venture, European Technological Composites Ltd., is capitalized at $3.9 million, with Ube Industries holding a 70% stake. Marubeni holds the remainder.