Mitsui Chemicals acquires stake in Sotus
Mitsui Chemicals’ agrochemical business, Mitsui Chemicals Agro, has acquired a 10% stake in Thai agrochemical company Sotus (Nonthaburi). The two companies have had business dealings since 1997 with Sotus being Mitsui’s distributor in Thailand and also acting as contract manufacturer. Mitsui views the “growing” Asian market, including India, as its most strategically important and expects the tie-up to help it utilise Sotus’s manufacturing capability as a formulation base for Asian markets. Sotus was established in 1996 and has 225 employees.