Regions :: North Asia :: Japan
Teijin, Showa Shell Form Para-Xylene JV in Japan
9:53 AM MST | February 19, 2008 | Chemical Week Editorial Staff
Teijin Fibers (Tokyo) and Showa Shell Sekiyu (Tokyo) have agreed to establish a joint venture to produce and sell para-xylene and related products. The jv will be launched April 1 and has a sales target of Ұ45 billion ($420 million) for fiscal year 2008. Under terms of the agreement, Teijin Fiber’s p-xylene business will be spun off into a separate company named TS Aromatics Ltd. Teijin Fibers will own a 50.1% share; Showa Shell Sekiyu, 44.9%; and Mitsubishi Corp., 5%. Teijin Fibers currently produces 290,000 tons/year of p-xylene at its Matsuyama, Japan...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee