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Mitsubishi Chemical and Sasol End Acrylic Acid and Acrylates JV

9:52 AM MDT | September 21, 2007 | Chemical Week Editorial Staff

Mitsubishi Chemical and Sasol Chemical Industries have agreed to dissolve their acrylic acid and acrylates Sasol Dia Acrylates (SDA) joint venture in South Africa. The jv manufactures and markets the products, and conduct investment activity in the global market. “The companies reached the conclusion that it would be of mutual advantage to dissolve SDA in an amicable manner and to develop the relevant business on their own,” Mitsubishi says. Mitsubishi will transfer its 50% stake in SDA to Sasol, and the venture will become a wholly owned subsidiary...

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