Mitsubishi Chem to divest manufacturing PTA

摘要

Mitsubishi Chemical Holdings' has decided to divest Chinese and Indian businesses that make purified terephtalic acid (PTA), a feedstock to PET These operations of the Japanese major have comblned sales of around 130 billion yen (US$1.23 bln) a year, The decision to pull out of production of an overabundant polyester feedstock in China and India continues its efforts to move up the value chain.