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Sumitomo Corporation, one of the largest diversified trading companies worldwide became 100% shareholder of the Interacid Trading Group.

Sulphuric Acid Trading Company, Inc. (SATCO), a joint venture between Interacid and Freeport McMoran was established in Tampa, FL with a terminal capacity of 60,000 MT.

Interacid was founded in Switzerland to trade raw materials mainly for the fertilizer and chemical industries. In the same decade, the Group became the exclusive sulfuric acid marketer for the Japanese Smelter industry.