MOSCOW (MRC) -- Mitsui Chemicals and SKC, a subsidiary of SK Holdings Co. Ltd, have started operations of their new equally-owned Mitsui Chemicals & SKC Polyurethanes Inc. joint venture, reported GV.
The new company, headquartered in Seoul, South Korea, and having operations in both South Korea and Japan, has the capacity to produce a total of 720,000 t/y of toluene diisocyanate, diphenylmethane diisocyanate and polyols.
As MRC wrote previously, in late May 2015, The European Commission (EC) approved, under the European Union Merger Regulation, the proposed polyurethanes materials joint venture between Mitsui Chemicals Inc. and SKC.
Mitsui Chemicals is a leading manufacturer and supplier of value added specialty chemicals, plastics and materials for the automotive, healthcare, packaging, agricultural, building, and semiconductor and electronics markets. Mitsui Chemicals is a Japanese Chemicals company, a part of the Mitsui conglomerate. The company has a turnover of around USD15 billion and has business interests in Japan, Europe, China, Southeast Asia and the USA. The company mainly deals in performance materials, petro and basic chemicals and functional polymeric materials.
MRC