Mitsubishi Chemical to consolidate subsidiaries in the U.S., U.K. and Germany
By Mary Page Bailey |
December 10, 2020
Mitsubishi Chemical Corp. (MCC; Tokyo) announced that it will integrate subsidiaries at the national level in three countries: the US, UK, and Germany. By sharing and integrating expertise and resources, this integration will enhance cooperation and further strengthen overall business capabilities in each of these three countries. MCC will also strive to reinforce speedy customer responsiveness firmly based in these countries and provide solutions to social issues particular to each country.
Nine subsidiaries in the US will be integrated on April 1, 2021. The new integrated company will be called Mitsubishi Chemical America, Inc, and will be located in Charlotte, N.C. With planned capital of around $850 million, the new company will focus its business on: