Japan Mitsui and Teijin PET bottle resin business joint venture

It is reported that Japan’s Mitsui Chemicals and Teijin have recently stated that both parties have agreed to merge their Pet Bottle Resin business into a joint venture. This Rubber And Plastic move is aimed at cutting costs in order to be more effective with cheap imported products from other Asian countries. competition. Both parties hope to establish a joint venture company around April 2011.

The joint venture will take over Mitsui Chemical's Pet Resin plant in Iwakuni, Japan, while Teijin's PET plant in Shunan, Japan will be closed. In fact, since the beginning of 2009, Teijin has Melamine Powder been reorganizing its polyester and PET businesses. These Sodium Hexametaphosphate businesses were severely impacted by the global economic downturn.