Japan's Mitsubishi withdraws from San-Dia Polymers JV

29 March 2013 11:09  [Source: ICIS news]

TOKYO (ICIS)--Japan’s Mitsubishi Chemical said on Friday it is planning to completely withdraw from its San-Dia Polymers joint venture after selling a 10% stake to partner Sanyo Chemical Industries.

The company plans to sell its remaining 30% share in the super-absorbent polymer (SAP) producer to Toyota Tsusho Corp, the company said in a statement without elaborating further.

San-Dia Polymers was a 60:40 joint venture between Sanyo Chemical and Mitsubishi Chemical.

By: Tomomi Yokomura
+65 6780 4359

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