MOSCOW (MRC) -- Mitsubishi Chemical Corp. (MCC) has set up a regional management company for its performance polymers business in Singapore to expand the scale of the business in the fast-growing ASEAN markets, according to GV.
MCC's consolidated subsidiary, Advanced Plastic Compounds Singapore, was renamed Mitsubishi Chemical Performance Polymers Asia Pacific (MCPP Asia Pacific), to take a strategic management role in the performance polymers business.
In addition to regional management, MCPP Asia Pacific produces and sells thermoplastic elastomers, polyvinyl chloride compounds and performance polyolefins.
As MRC wrote before, in December 2017, Ube Industries, JSR Corp. and MCC received European Commission (EC) approval for the planned integration of their acrylonitrile butadiene styrene (ABS) subsidiaries. The combination involves UMG ABS, a 50-50 joint venture of Ube and MCC, and Techno Polymer Co. (TPC), a JSR subsidiary. JSR and UMG ABS plan to acquire joint control over TPC, making TPC a joint venture of the two companies.
Mitsubishi Chemical with headquarters in Tokyo, Japan, is a diversified chemical company involved in petrochemicals, polymers, agrochemicals, speciality chemicals and pharmaceuticals. The company's main focus is on three business pillars: petrochemicals, performance and functional products, and health care.
MRC