News by Mitsubishi Chemical 12

Mitsubishi Chemical Group Corporation (MCG) has announced that its consolidated subsidiary, Mitsubishi Chemical Corporation, is beginning to evaluate the spin-off of its basic chemicals business primarily focused on petrochemicals, as a wholly owned subsidiary.

The stated aim is to redesign the business foundation for what the company describes as its next-generation petrochemicals business, with an eye toward future mergers and industry-wide restructuring.