PIE - News-Ticker on Plasteurope.com

Mitsubishi Rayon: 50% of MMA production in Shanhai to be sold

The Chinese Ministry of Commerce has granted approval for Mitsubishi Rayon (MRC, Tokyo / Japan; www.mrc.co.jp) to sell 50% of the rights to the 93,000 t/y MMA production of subsidiary Lucite International (China) Chemical Industry (LICC, Shanghai / China).

Under the terms of the ministry's approval, granted 4 January 2010, 50% of LICC's MMA production will be sold to four, as yet unnamed companies for a period of five years. MRC hopes to have signed the relevant contracts by 31 January.

More news on Plasteurope.com...