Japan's Mitsui Chemicals to merge with wholly-owned Mitsui Chemicals Polyurethanes

23-Dec-08
Japan's Mitsui Chemicals, Inc. (MCI) has announced to execute a merger with its wholly owned subsidiary, Mitsui Chemicals Polyurethanes, Inc. (MCPU) by April 1, 2009 in order to strengthen its competency in the polyurethane business. The decision reflects the growing outlook for the polyurethanes market and a need to intensify operations and maximizing synergy effects between MCI and MCPU. MCPU is engaged in manufacture, sales and R&D of polyurethanes. MCI's Performance Materials Business Sector upholds the basic strategy as "Expansion of Functional Polymers" and considers polyurethane business, which is one of its functional polymers business, as the company's core business.
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