JAPAN: Toyobo To Take Full Control Of Two Textile Units
Textile producer Toyobo Co on Monday said it will make Shinko Sangyo Co and Daido-Maruta Finishing Co wholly-owned subsidiaries in a move to strengthen the group's competitiveness. The firm, which last week announced plans to shut three cotton mills, said it will make both 100 per cent units in early August via a stock swap.
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