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.
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