Mitsubishi Chemical (MCC) has signed an agreement to acquire the PVC compound business of Welset Plast Extrusions in India.

Welset is engaged in master batch (including PVC master batch) and PVC compound businesses in India and other areas. MCC has reached an agreement with the company for the acquisition of the PVC compound business which will be carried out in the autumn of this year.

Welset’s PVC compound business has a solid foundation in India and ASEAN markets as it holds the leading market share in India’ s medical field. MCC, meanwhile, manufactures and sells thermoplastic elastomers in India and is expanding its business in the automotive application, mainly for airbag covers.

The acquisition will allow MCC to enter the medical PVC compound business. Furthermore, MCC will strengthen its existing PVC and thermoplastic elastomers businesses in India and ASEAN markets by utilizing Welset’s marketing channels and infrastructure.

MCC will continue to grow its performance polymers business thorough diversifying its application portfolio and accelerating business development in growth markets.

 

Source: packagingmaterials.packaging-business-review.com

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