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Japanese polyolefin producer seeks to become world leader

May 22/2012

(chemmonitor) -- The Tokyo-headquartered Japanese polyolefin company Prime Polymer Co. Ltd. purchased a controlling block of shares in the Sao Paulo-headquartered polypropylene (PP) compounder, located in Brazil.

Prime Polymer Co. Ltd. -- a resin and compounding joint venture majority owned by Japanese conglomerate Mitsui Chemicals Inc. -- has acquired a controlling stake in a Brazilian compounder.

Tokyo-based Prime Polymer also has confirmed plans to increase compounding capacity at joint venture sites in the U.S., Mexico and China. All of the moves are in polypropylene compounding, primarily for automotive markets.

In Brazil, Prime Polymer has purchased a 70 percent stake in Produmaster Industria e Comercio Ltda. for an undisclosed price. Produmaster is based in Sao Paulo and operates a total of 120 million pounds of PP compounding capacity at sites in Sao Paulo and Camacari.
Author:Anna Larionova
Category:General News
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