01/20/2015

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KOREA (SOUTH): Mitsui Chemicals & SKC to form JV for consolidation of PU businesses

Subject to completion of necessary approvals, the two companies plan to form a new equally-owned joint venture company by 1 Apr. 2015. The name of the new company has not been decided, but headquarters will be in Korea. The combined PU businesses include the production of toluene diisocyanate, diphenylmethane diisocyanate and polyols, with a total production capacity of 720,000-t/y. Source: Weekly "PetroChemical News", Durham, NC, USA; 5 Jan 2015
(Syed Rashid Ali, Karachi, Pakistan)

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