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

Mitsui to sell maleic anhydride and fumaric acid businesses

6:13 AM MDT | June 13, 2014 | —Deepti Ramesh

Mitsui Chemicals says it will sell its maleic anhydride and fumaric acid businesses to Fuso Chemical (Osaka) by October. Details of the agreement will be discussed, and a formal business transfer agreement is expected to be signed by late June, Mitsui says. The sale will include Mitsui’s production plants at Kashima, Japan, that produce 32,000 m.t./year of maleic anhydride and 15,000 m.t./year of fumaric acid. The businesses generate total annual sales of about ¥5 billion ($49 million), Mitsui says. Mitsui, in February, announced a major restructuring...

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