MGC and Celanese sign MOU to restructure Korea Engineering Plastics JV

Celanese Corporation and Mitsubishi Gas Chemical Company signed an MOU to restructure their joint venture Korea Engineering Plastics Co. (KEP), focusing KEP on manufacturing and supply to shareholders, and committing to increase KEP's POM production capacity in steps over coming years.

“The parties have also committed to increasing KEP's production capacity to improve the long-term security of supply to its customers and further support their growth”businesswire.com

• 1 source
• businesswire.comMitsubishi Gas Chemical Company and Celanese Corporation Sign MOU to Restructure Korea Engineering Plastics JVDec 9, 2020

Summarized from public sources; check the original articles before acting on it.