Posted in | News | Plastics and Polymers

ExxonMobil Chemical and Mitsubishi Chemical to Terminate Mytex Joint Ventures

May 11 2006

Affiliates of ExxonMobil Chemical (EMC) and Mitsubishi Chemical Corporation (MCC) have agreed to terminate certain joint venture agreements for Mytex Polymers Asia Pacific Private Limited (Mytex AP) and Mytex Polymers Partnership (Mytex US), as of June 1, 2006.

Under the terms of related agreements, ExxonMobil Chemical will transfer its interest in Mytex Polymers Inc. to a MCC affiliate in the United States and ExxonMobil Asia Pacific Private Limited will transfer its interest in Mytex AP to Mitsubishi Chemical Singapore PTE Ltd.

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