Press release, Nov. 29, 2011 - 11:34 AM (CET)
ThyssenKrupp Uhde acquires Otto Corporation in Japan
As part of its drive to expand its market presence in the field of coke plant technologies, ThyssenKrupp Uhde of Dortmund, Germany, has acquired the Tokyo-based company Otto Corporation. This acquisition is the result of very close business relations over many years. Otto Corporation, whose process portfolio fits ideally with ThyssenKrupp Uhde’s fields of activity, will in future operate in Japan as a wholly owned subsidiary under the name of ThyssenKrupp Otto.
Back in 1952 Nihon Otto K. K. of Tokyo was founded as a subsidiary of Dr. C. Otto GmbH of Bochum, Germany, and from 1991 onwards it became an independent company trading under the name of Otto Corporation.
ThyssenKrupp Uhde, an EPC company of world renown in the chemicals sector, hopes to expand its market presence in the Asian region through its acquisition of Otto Corporation.
ThyssenKrupp Uhde has a workforce of more than 4,800 employees worldwide and is a company in the Plant Technology business area of the ThyssenKrupp Group. The company's activities focus on the engineering and construction of chemical and other industrial plants in the following fields: fertilisers; electrolysis; gas technologies; oil, coal, and residue gasification; refining technologies; organic intermediates, polymers and synthetic fibres; and also coke plant and high-pressure technologies. We also provide our customers with professional services and compre-hensive solutions in all areas of industrial plant operation. Details are available at www.uhde.eu
Contact:
ThyssenKrupp Uhde GmbH
Dr. Detlef Markmann
Head of Corporate Communications
Phone: +49 (0) 231 5473813
Fax: +49 (0) 231 5472628
e-mail: detlef.markmann@thyssenkrupp.com
Published on Nov. 29, 2011 - 11:34 AM (CET)
