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Mitsubishi Chemical to sell off its Chinese and Indian PTA operations

Related Keywords: amid profitability concerns, anti-dumping duty raised, Chinese manufacturers increasing output, Indian operations, Mitsubishi Chemical Holdings, oversupply, persistent glut of the acid, plans to sell off its Chinese, primary raw material, PTA, raw material cost, Terephthalic acid, used to manufacture various polyester products

Mitsubishi Chemical Holdings plans to sell off its Chinese and Indian operations of terephthalic acid (PTA), the primary raw material used to manufacture various polyester products, amid profitability concerns in light of a persistent glut of the acid.

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