Tuesday, February 08, 2011

Mitsui and Mitsubishi Rayon in JV to produce methyl methacrylate monomer

Mitsui & Co. and Mitsubishi Rayon Co. will forge an alliance in methyl methacrylate monomer, an acrylic resin compound used in LCD panel components and autoparts, the Nikkei reported. Mitsubishi Rayonn is the leading producer in the global MMA monomer market, with a 37% share, since its 2009 takeover of leading British chemical manufacturer Lucite International Ltd.

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