Posted in | News | Plastics and Polymers

Mitsui Chemicals Announce Basic Agreement to Integrate Polymer Flocculant

Feb 13 2006

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TOAGOSEI Co., Ltd. (TOAGOSEI), Mitsui Chemicals, Inc. (MCI) and Mitsui Chemicals AquaPolymer, Inc. (MAP) have reached the basic agreement on proceeding talks to integrate polymer flocculant businesses of TOAGOSEI and MAP.

TOAGOSEI, MCI and MAP intend to operate production, sales and R&D comprehensively and to transform the business to cope with anticipated severe competition with competitors and expanding markets worldwide.

Key points in the basic agreement:

  • Business integration method is TOAGOSEI will spin off its polymer flocculant business and have MAP take over the business. As a result, MAP will be a joint venture between TOAGOSEI and MCI. However, details of the new company name and others are not yet determined.
  • Establishing date is scheduled in October 1, 2006.

http://www.mitsui-chem.co.jp

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