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Chemical Week Magazine :: Business & Finance :: Asia/Pacific

Mitsui and Teijin Form PET Joint Venture

1:59 PM MST | March 11, 2011 | —DEEPTI RAMESH

Mitsui Chemicals and Teijin say they have formally established MCT PET Resin (Tokyo), a previously announced joint venture between Mitsui and Teijin’s Teijin Chemicals subsidiary that combines the companies’ polyethylene terephthalate (PET) bottle-grade resin businesses in Japan. The jv will begin operations on April 1, 2011. Mitsui and Teijin first announced plans in August 2010 to merge their PET bottle-grade resin businesses. The companies aim for the jv help to cut costs and compete more effectively with cheap imports from other Asian countries. Mitsui...

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