Mitsubishi, Sinopec to start up China PC jv plant in 2011

20 April 2010 12:10  [Source: ICIS news]

SHANGHAI (ICIS news)--Mitsubishi Chemical Corp (MCC) expects its new polycarbonate (PC) plant in Beijing, China to come on stream in the second quarter of 2011, a company official said on Tuesday.

"The new plant is a 50-50 joint venture between MCC and Chinese producer Sinopec,” said Naoaki Ishiwatari, deputy general manager for overseas business planning group of the Japanese producer, at the sidelines of the ChinaPlas exhibition in Shanghai.

The PC joint venture, established in March this year, was the only investment MCC made in China’s petrochemical sector in  recent years, as it had been focusing on diversifying into other areas such as pharmaceuticals, said Ishiwatari.

Chinaplas, the largest annual plastics event in Asia, runs from 19-22 April.

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By: Chow Bee Lin
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