Mitsubishi Gas Chemical, Mitsubishi Chemical to Establish Joint Venture for Polyhydric Alcohol Business.Tokyo, Japan, Sept 22, 2005 - (JCNN JCNN Japan Corporate News Network ) - Mitsubishi Gas Chemical and Mitsubishi Chemical have signed a basic agreement to establish a joint venture, Polyols Asia, for production and sales of polyhydric polyhydric /poly·hy·dric/ (-hi´drik) containing more than two hydroxyl groups. pol·y·hy·dric adj. Containing more than one hydroxyl group. alcohol (neopentyl glycol, trimethyrol propane, and ester glycol). Under the new joint management, Mitsubishi Chemical and Mitsubishi Gas Chemical will provide butylaldehyde and formalin formalin /for·ma·lin/ (for´mah-lin) formaldehyde solution. for·ma·lin n. An aqueous solution of formaldehyde that is 37 percent by weight. , respectively, and the latter will produce those chemicals at its facilities and purchase the products from the joint venture for sales. To be capitalized at 50 million yen ($455,000), the new company will begin operation on November 1. The two Mitsubishi companies expect the new company to generate 10 billion yen ($91 mil) in annual sales. Source: JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) http://www.japancorp.net Copyright [c] 2005 Japan Corporate News Network. All rights reserved. |
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