TOKYO -- Leading Japanese chemical producers Mitsui Chemicals, Idemitsu Kosan and Sumitomo Chemical have reached a basic agreement to merge their commodity polyolefin plastics operations, the three companies announced Wednesday.
Business deals
Japan's Mitsui Chemicals, 2 peers to merge polyolefin plastics businesses
Mitsui, Idemitsu and Sumitomo Chemical will together control 40% of domestic output capacity
Mitsui Chemicals, Idemitsu Kosan and Sumitomo Chemical have production facilities in the Keiyo Industrial Zone in Chiba prefecture east of Tokyo. (Photo by Nikkei)
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