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Japanese firms to acquire Mitsubishi Chemical polymer flocculant business

October 13/2020

MOSCOW (MRC) -- As part of portfolio management reforms based on the Mitsubishi Chemical Holdings Groups medium-term management plan APTSIS 20, Mitsubishi Chemical Corporation has concluded agreements to transfer its polymer flocculant sales business to MT AquaPolymer, Inc. and Hymo Corporation, said the company.

Once the transfer is complete, the two companies will outsource the manufacture of polymer flocculants to MCC. The transfer is subject to obtaining approval from competition authorities.

MTAP is a leading Japanese manufacturer of polymer flocculants and handles the production and sale of the same types of products as those to be transferred. Hymo is a water treatment solution manufacturer that has a record of joint research and development with MCC on some of the products to be transferred.

These agreements have been reached in the expectation that the handover to the two companies of extensive sales networks built up by MCC and certain manufacturing technologies will reinforce the polymer flocculant business, which is a strength of the two companies.

As MRC informed earlier, Mitsubishi Chemical, a subsidiary of Mitsubishi Chemical Holdings Corporation, halted methyl methacrylate (MMA) production in Otake, Japan in mid-September for scheduled repairs. This production with a capacity of 110,000/tonne of MMA per year will be closed until mid-November.

The main application, consuming approximately 75% MMA, is in the production of polymethyl methacrylate acrylic plastics (PMMA). Methyl methacrylate is also used to produce methyl methacrylate-butadiene-styrene copolymer (MBS) used as a modifier for polyvinyl chloride (PVC).

According to MRC's ScanPlast report, September total production of unmixed PVC grew to 86,000 tonnes from 75,500 tonnes a month earlier, SayanskKhimPlast and RusVinyl increased their capacity utilisation. Overall output of polymer were 718,500 tonnes in the first nine months of 2020 versus 720,500 tonnes a year earlier, only two producers raised their production volumes, and RusVinyl cut its output.

Mitsubishi Chemical, a Japanese integrated chemical company, was established on October 1, 1990 through the merger of Mitsubishi Kasei and Mitsubishi Petrochemical Co. Due to its wide range of activities, it is one of the ten leading chemical companies in the world.
Author:Anna Larionova
Tags:petroleum products, crude oil, PP, PE, Mitsubishi Chemical.
Category:General News
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