Mitsui Chemicals announced on Friday that it is reorganizing into five new sectors: healthcare; mobility; food and packaging; basic materials; and new business and product creation.
The company says the restructuring, which takes effect on 1 April 2016, is part of a plan to achieve maximum synergies. As part of the changes, the company is combining basic chemicals, petrochemicals, and Mitsui Chemicals & SK Polyurethanes under the basic materials business sector. The fine & performance chemicals division will be dissolved and its businesses transferred.
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