Japan's Mitsui Chemicals to absorb MMA producing subsidiary

24-Dec-08
Japan's Mitsui Chemicals, Inc. (MCI) decided at a Board of Directors Meeting held on December 19, 2008, to merge its wholly-owned subsidiary, Kyodo Monomer Co., Ltd. with the parent company on April 1, 2009. Kyodo is a wholly-owned subsidiary of MCI, engaged in manufacture of methyl methacrylate for sales to MCI, which MCI sells to its clients. MCI is hereby executing a merger with Kyodo in order to strengthen its competency by improving management efficiency and consolidating governance of quality control, safety management, and compliance.
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