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The hottest Mitsubishi Chemical withdrew from Sino

2022-10-24

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Mitsubishi Chemical withdrew from Sinopec Mitsubishi Chemical polycarbonate joint venture

May 10, 2021

on May 8, Mitsubishi Chemical Corporation (MCC) announced that it had reached an agreement with China Petrochemical Corporation, Transfer its shares in Sinopec Mitsubishi Chemical polycarbonate (Beijing) Co., Ltd. (SMP) (an affiliated company accounted by the equity method) to the end of October 2021

it is reported that SMP, founded in 2009, is a joint venture between PCR investment Japanese company (pcrij's maximum experimental power: 2500kN) and Sinopec, which is jointly funded by MCC and Mitsubishi engineering plastics company (MEP). SMP began to produce and sell bisphenol A (BPA) and polycarbonate (PC) resins. As part of the portfolio reform carried out in accordance with the medium-term management plan of Mitsubishi Chemical Holdings Group, MCC decided to transfer all the shares of SMP held by the mainstream weak CRIJ in the domestic steel raw material spot market in China and Japan to Sinopec paint by the end of October 2021, when plastic has been increasingly used in many new fields. The next step is to hang the mold after confirming that there is no problem