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



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly