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Chemical Week Magazine :: Basic Chemicals & Plastics
Mitsubishi Chemical and Schulman Dissolve Sunprene JV
6:05 AM MST | December 9, 2011
Mitsubishi Chemical and A. Schulman have agreed to dissolve and liquidate their Sunprene Co. (Akron, OH) polyvinyl chloride (PVC) compounds joint venture. Schulman has a 70% stake in Sunprene and Mitsubishi holds the rest. The plant has capacity of 12,000 m.t./year. Sunprene will be dissolved by year-end and the assets will be transferred to Mitsubishi Chemical’s U.S. performance polymers unit, the company says. Mitsubishi Chemical will operate the business. A shift in Schulman’s business strategy has made Sunprene non-strategic to Schulman, which...
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