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Company Statement: Ashland and Sud-Chemie agree on expanded joint venture serving foundry chemical sector

( July 15, 2010, 11:34 GMT | Official Statement) -- Ashland, with headquarters in Covington, Ky., and Sud-Chemie AG, Munich, have reached contractual agreement on the formation of a global joint venture to merge their business activities in the foundry chemicals sector. The joint venture will be known as ASK Chemicals GmbH and will be headquartered in Hilden, Germany. Sud-Chemie and Ashland will each hold a fifty-percent share in ASK Chemicals, while the operational management leadership will lie with Sud-Chemie.The full statement follows:...

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