Mitsui Chemicals, Takeda Merge Polyurethanes.(Takeda Chemical Industries)(Brief Article)

Chemical Week, October, 2000

Mitsui Chemicals and Takeda Chemical Industries have agreed to merge their respective polyurethane (PU) raw material businesses into a 51-49 joint venture, Mitsui Takeda Chemicals (MTC). The merged company will begin operating next April, subject to antitrust approval. MTC will be Asia's biggest PU raw material producer with projected sales of [yen]110 billion ($1 billion) in the year ending March 31, 2002.

Mitsui plans to buy Takeda's share in MTC in 2006. Mitsui produces polyols at Nagoya, Japan and isocyanates at Omuta, Japan; Takeda makes polyols at Tokuyama, Japan and isocyanates at Kashima, Japan.