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Toyobo Co., Ltd. and Mitsubishi Corporation agreed to establish a new joint venture company specializing in functional materials, inheriting Toyobo's functional materials business, with operations expected to commence in January 2023.
“Toyobo and MC are pleased to announce our agreement to establish a new joint venture company that will specialize in the planning, development, manufacturing and sales of functional materials.”acnnewswire.com
Summarized from public sources; check the original articles before acting on it.