Mitsui Chemicals to transfer ownership of sanitary nonwovens production and sales company in China
TIANJIN, China , March 2, 2021-
Mitsui Chemicals, Inc. (Tokyo: 4183; President & CEO: HASHIMOTO Osamu) has agreed to transfer its 100 percent ownership of Mitsui Chemicals Nonwovens (Tianjin) Co., Ltd. (MCNT), a Chinese subsidiary for the production and sales of nonwovens, to Foshan Nanhai Beautiful Nonwoven Co., Ltd. (Foshan, Guangdong; President: Weiqi Deng; BTF).
This share transfer will see the Mitsui Chemicals Group concentrates its resources on two bases in Japan and Thailand. In doing so, the group will look to further boost its presence in the sanitary nonwovens markets of Japan and the ASEAN region.
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