Three Japanese polypropylene companies have decided to transfer their compounding subsidiaries to group company Japan Polypropylene Corporation (JPP; Tokyo). The PP compounding operations of Mitsubishi Chemical Corporation (Tokyo), Japan Polychem Corporation (Tokyo) and JNC Corporation (Tokyo) will be unified both in Japan and abroad.
JPP is a joint venture of Japan Polychem and JNC Petrochemical Corporation (Tokyo), the latter being a wholly owned subsidiary of JNC. Japan Polychem is a wholly owned subsidiary of Mitsubishi Chemical.
The transfer of PP compounding operations to single entity, subject to regulatory approval, will unify compound distribution networks and consolidate supply to the market of long-fiber compounds produced in Japan, China, and the U.S. PP compounders, meanwhile, are located in China, Thailand, India, the U.S.