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