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Mitsui to Form New Company by Integrating Film/Sheet Businesses of Subsidiaries

12:54 AM MST | December 18, 2009 | Deepti Ramesh

Mitsui Chemicals says it has signed a fundamental agreement with its Tohcello (Tokyo), and Mitsui Chemicals Fabro (Tokyo) wholly owned subsidiaries, to study the integration of the film/sheet businesses of the three companies. Under the terms of the agreement, the companies will study the integration of film/sheet businesses by merging operations of Tohcello and Fabro and consolidating them with Mitsui’s related operations to form a new company by October 2010. Mitsui says it decided to intensify its film/sheet businesses, and in April 2009, Tohcello became...

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