Mitsubishi Chemical to Increase Interest in TNSC
CHEMMONITOR.COM - Japan-based company Mitsubishi Chemical is in plans to raise its interest in the Japanese industrial gases supplier, Taiyo Nippon Sanso (TNSC), to 51%. The investment is assessed at JPY 100 billion (or USD 980 million). Within the framework of the agreement, Mitsubishi Chemical is going to secure nitrogen and other gases supply in order to manufacture acrylic resin materials. The acquisition of the stake is set to enlarge the company’s presence in the US petchem sector.