Welcome to Urethanes Technology International

Mitsubishi sets up polyols joint venture

By Liz White, UT staffTokyo-Mitsubishi Gas Chemical Co. Inc. (MGC) and Mitsubishi Chemical Corp. (MCC) are to establish a joint venture-called Polyols Asia Co. Ltd-to produce speciality polyols, including neopentyl glycol, trimethylol propane and ester glycol.These polyols are mainly used in coating resins, and to manufacture aqueous polyurethane disperions, UV-cured resins and polyester powder coatings, said a statement from the two groups. These applications have been expanding rapidly, and are expected to continue to grow in the future, the MGC/MCC statement added. MCC will supply butyl aldehyde, while MGC will supply formaldehyde, as starting materials. MGC, which owns polyol production facilities, will be commissioned by the joint venture to produce polyols. All of the polyols produced will be purchased by MGC to sell, said the firms.Ownership of Polyols Asia Co. will be 66:34 MGC:MCC, and expected annual sales are Yen 10 000 million ($88 million). The operation will start-up on 1 Nov 2005. MCG and MCC’s new partnership “ensures stable sales of MCC’s butyl aldehyde, while enabling MGC to establish an integrated system from purchase of the starting materials to sales of polyols,” the statement said. The polyols business will be strengthened both domestically, as well as in the wider global market, the statement concluded.”

BUSINESS DIRECTORY

SEARCH FOR YOUR BUSINESS USING THE BUSINESS DIRECTORY

Over 250 UTECH exhibitors listed

Search over 250 business listings to find the companies with business solutions you need....

URETHANES TECHNOLOGY

REPORTING ON POLYURETHANES SINCE 1983

Trusted Informatoin

Urethanes Technology International has been providing business-critical information to the global polyurethanes industry since 1983

ADVERTISING & SPONSORSHIP

INVEST WISELY FOR RESULTS

Target your message, generate leads

Advertising on line and in print gives you access to an audited readership of over 6500/issue. Sponsoring conferences and events can position your firm as a thought leader.