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Mitsubishi Chemical Establishes PTA Company in Singapore

12:52 AM MDT | June 1, 2009

Mitsubishi Chemical says it has established a company in Singapore, which will partly have responsibility for Mitsubishi’s purified terephthalic acid (PTA) business. Mitsubishi, as previously announced, is relocating part of the headquarters of its PTA business from Japan to Singapore (CW, March 2, p. 14). The new company, MCC PTA Asia Pacific Ltd., will begin operations this month. Mitsubishi announced earlier this year that it plans to stop production of PTA and para -xylene in Japan. The company will permanently close its 250,000-m.t./year PTA plant at...

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