# 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.

- Type: Partnership
- Announced: 2020-12-09
- Where: South Korea
- Status: announced
- Capacity: increased POM production capacity
- Products: polyoxymethylene (POM)
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Mitsubishi Corporation](https://endata.com/companies/575.md) (partner)
- [Celanese](https://endata.com/companies/10711.md) (partner)
- [Mitsubishi Gas Chemical Company, Inc.](https://endata.com/companies/20632.md) (partner)
- [Korea Engineering Plastics Co.](https://endata.com/companies/51738.md) (partner)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20201208006201/en/Mitsubishi-Gas-Chemical-Company-and-Celanese-Corporation-Sign-MOU-to-Restructure-Korea-Engineering-Plastics-JV), 2020-12-09: "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"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.