Mytex Polymers (Thailand)

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.

Japan Polypropylene Corporation, controlled by Mitsubishi Chemical Holdings Corporation, and IRPC Public Company Limited, controlled by PTT Public Company Limited, will acquire joint control of Mytex Polymers (Thailand) Co. The transaction was approved by the Turkish Competition Board on 25 June 2020.

IRPC Pcl signed a joint venture contract to acquire 50% of Mytex Polymers (Thailand) Co Ltd's shares from Japan Polypropylene Corporation (JPP), aiming to strengthen its specialty PP compound portfolio for the automotive market.