Harima Chemicals Group, Inc. reached an agreement to acquire additional 30% stake in Hangzhou Hanghua Harima Chemicals Co., Ltd. from Hangzhou Research institute of chemical technology Co.,Ltd.

Harima Chemicals Group Inc is a Japan-based company mainly engaged in the resin chemical product business, the paper chemical business, the electronic material business and the rotor business. The Company operates in four business segments. The Resin Chemical Product segment is engaged in the manufacture and sale of printing ink resin, paint resin, emulsifier for synthetic rubber, resin for adhesive and tall oil product. The Paper Chemical segment is engaged in the manufacture and sale of paper strength enhancer and sizing agent. The Electronic Material segment is engaged in the manufacture and sale of soldering material and brazing material for heat exchanger. The Rotor segment is engaged in the manufacture and sale of resin for adhesive and printing ink. The Company is also involved in the management of real estate.