25 November 2008 11:06 [Source: ICIS news]
According to the statement, MCC decided to withdraw from its ABS resin business to concentrate on other operations, while JSR decided to run Techno Polymer under its own portfolio in order to improve its corporate value.
JSR currently holds a 60% stake in the venture.
The companies did not disclose any financial details.
Techno Polymer was established in July 1996. Its reported current net sales are yen (Y) 53.6bn ($553m).
($1 = Y96.92)
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