RELEASED ON 29/01/13 (DD/MM/YY)

Nippon Shokubai Co. said Tuesday it has merged two subsidiaries in Singapore to streamline operations.

Nippon Shokubai (Asia) Pte Ltd., the Japanese maker's selling unit of chemical products in Singapore, became the surviving subsidiary after absorbing Singapore Glacial Acrylic Pte Ltd., a maker of glacial acrylic acid for diapers, on Jan. 1.

In 2011, the surviving subsidiary racked up sales of 100.93 million dollars while Singapore Glacial Acrylic booked 75.13 million dollars worth of sales.

SOURCE Kyodo News