Mitsui Chemicals Establishes MCT PET Resin JV for Bottles Operations

Mitsui Chemicals, Inc. (hereinafter called "MCI") and Teijin Limited (hereinafter called "Teijin") announced the establishment of MCT PET Resin Co., Ltd., a joint-venture company between MCI and Teijin Chemicals Limited (hereinafter called "Teijin Chemicals"), a Teijin subsidiary that operates plastics business, to integrate their domestic PET (polyethylene-terephthalate) resin for bottles operations. The company will commence operations on April 1, 2011.

MCT PET Resin Co., Ltd. will optimize the synergistic effects of integrating PET resin operations of MCI and Teijin from supply chains to production, reinforce operational competitiveness, improve quality and cost competitiveness and enable innovative solutions to better meet customer needs and maximize overall corporate value.

Source: http://www.teijin.co.jp/

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