# Japan Polychem to acquire six PP compounding companies from JPP

Japan Polychem Corporation (JPC), a subsidiary of Mitsubishi Chemical Corporation, plans to fully acquire six companies currently controlled by the joint venture Japan Polypropylene Corporation (JPP): Mytex Polymers US, Mytex Polymers de Mexico, Mytex Polymers India, Mytex Polymers Thailand, Beijing Ju-Ling-Yan Plastics, and JPF Asia (Changshu). The assets include PP compounding and long-glass-fiber-reinforced thermoplastic capacity. Financial terms were not disclosed.

- Type: Acquisition
- Announced: 2021-04-15
- Status: announced
- Products: PP compounds, long-glass-fiber-reinforced thermoplastics (Funcster)
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Mitsubishi Chemical Corporation](https://endata.com/companies/5545.md) (partner)
- [Mytex Polymers (Thailand)](https://endata.com/companies/45725.md) (target)
- [Mytex Polymers US Corp](https://endata.com/companies/47465.md) (target)
- [Japan Polychem Corporation](https://endata.com/companies/54472.md) (acquirer)
- [Mytex Polymers de Mexico](https://endata.com/companies/54473.md) (target)
- [Mytex Polymers India](https://endata.com/companies/54474.md) (target)
- [Beijing Ju-Ling-Yan Plastics](https://endata.com/companies/54475.md) (target)
- [JPF Asia (Changshu)](https://endata.com/companies/54476.md) (target)

## Sources

- [plasticker.de](https://plasticker.de/Kunststoff_News_38982_JPC_Mitsubishi_Tochter_konsolidiert_Aktiva_fuer_PP_Compounds), 2021-04-15: "Die Konzerntochter Japan Polychem Corporation (JPC) wird sechs Unternehmen komplett übernehmen, die bislang über das Joint Venture Japan Polypropylene Corporation (JPP) kontrolliert werden."

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