Aica Kogyo to Make India’s Stylam Industries a Consolidated Subsidiary in Global HPL Expansion Drive

Aica Kogyo Company, Limited ( (JP:4206) ) just unveiled an announcement.

Aica Kogyo has resolved to acquire a 40.00% to 53.12% stake in India’s Stylam Industries Limited, a leading domestic and global HPL manufacturer, via share transfers from promoter shareholders and a public open offer under Indian takeover rules, converting Stylam into a consolidated subsidiary. The deal is positioned as a strategic move to bolster Aica Kogyo’s production and sales base in the rapidly expanding Indian market and to shift its overseas laminates business from an Asia-focused network to a truly global platform; by combining Stylam’s large-scale, cost-competitive operations and worldwide customer base with Aica Kogyo’s technological strengths, the group aims to expand high value-added product offerings, integrate procurement and sourcing, strengthen ties with its chemical products business, and reinforce its overall global competitiveness in HPL while supporting its long-term revenue targets.

The most recent analyst rating on (JP:4206) stock is a Buy with a Yen4047.00 price target. To see the full list of analyst forecasts on Aica Kogyo Company, Limited stock, see the JP:4206 Stock Forecast page.

More about Aica Kogyo Company, Limited

Aica Kogyo Company, Limited is a Japanese manufacturer in the laminates and building materials sector, with a dominant domestic share in high-pressure laminates (HPL) and a growing global footprint. The company focuses on expanding its Laminates & Building Materials Business, particularly in high-growth overseas markets such as Asia, leveraging production bases in Thailand, China, Indonesia, Vietnam, and India to drive medium- to long-term growth and reduce reliance on Japan’s construction market.

Average Trading Volume: 198,118

Technical Sentiment Signal: Buy

Current Market Cap: Yen228.2B

For a thorough assessment of 4206 stock, go to TipRanks’ Stock Analysis page.