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Mitsubishi Chemical to acquire PVC compound manufacturer in Indonesia

By Mary Page Bailey |

Mitsubishi Chemical Corp. (MCC; Tokyo; www.m-chemical.co.jp) announced plans to acquire the PT. ABC Plastindo (Tanggerang, Indonesia), a producer of polyvinyl chloride (PVC) compounds. MCC intends to acquire 100% of Plastindo’s shares from the founders in August 2018.

Plastindo is engaged in the PVC compound business in Indonesia and its products are used for various applications, including automotive components, electronic cables, buildings and electrical appliances. The company has established a stable position in the Indonesian market.

MCC has taken a proactive approach to mergers and acquisitions in the performance polymers business, expanding in Europe, North & South America, China, and other markets around the world. It has thermoplastic elastomer and PVC compound production sites in Thailand, operating its business mainly for automotive applications. With the acquisition of Plastindo, MCC will further accelerate its business expansion into the automotive and electronic cable fields.

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