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Mitsubishi, JNC transfer PP compound businesses

9:44 AM MDT | May 31, 2013

Mitsubishi Chemical; its wholly owned Japan Polychem Corp. (JPC; Tokyo) subsidiary; and JNC (Tokyo), a wholly owned subsidiary of Chisso (Tokyo), have decided to transfer the polypropylene (PP) compound businesses held by each company and the Funcster long glass fiber–reinforced thermoplastic resin business held by JNC to Japan Polypropylene Corp. (Tokyo), Mitsubishi says. Japan Polypropylene is a PP joint venture between JPC and JNC Petrochemical (Tokyo), a wholly owned subsidiary of JNC. Mitsubishi, JPC, and JNC have been independently involved in the PP...

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