Japan's Mitsui Chemicals Inc and Sumitomo Chemical Co are to shutter their polystyrene joint venture on deteriorating domestic demand. The two partners plan to dissolve Japan Polystyrene Inc.- their eequally owned joint venture in manufacturing and selling polystyrene and withdraw from the business, as it seems doubtful that PS demand in Japan will pick up in the future.
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Tuesday, April 07, 2009
Mitsui and Sumitomo to exit polystyrene JV on deteriorating domestic demand
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