Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Tokyo  >  Mitsui Chemicals, Inc.    4183   JP3888300005

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Mitsui Chemicals, Inc. : Mitsui Chemicals Decides to Withdraw from Keiyo Ethylene Co., Ltd.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/01/2013 | 07:40am CEST

Mitsui Chemicals, Inc. (Head Office: Tokyo, Japan; President & CEO: Toshikazu Tanaka) announced that it will withdraw from business operations of Keiyo Ethylene Co., Ltd. ("KEC"), a joint venture with Maruzen Petrochemical Co., Ltd. and Sumitomo Chemical Co., Ltd.

Mitsui Chemicals commenced equity participation (22.5%) in KEC in December 1995 as part of an effort to reinforce domestic olefin supply infrastructures through strengthening global competitiveness and operative scales. However, recent changes in the global ethylene market, such as improvement in supplies from new large-scale plants in the Middle East and China, and forecasted production increases from shale gas in the United States, has resulted in an urgent need to fundamentally restructure and reform domestic petrochemical business for industry sustainability.

Against this backdrop, ethylene production surplus is expected at facilities in the Ichihara (Chiba, Japan) area, where the country's ethylene plants are concentrated, and domestic production is expected to fall below 6 million tons a year. Mitsui Chemicals undertook ongoing studies of operations including continued participation in KEC with the two partners and their possible participation in the Ichihara ethylene center of Chiba Chemicals Manufacturing LLP (Limited Liability Partnership), an operative by Mitsui Chemicals and Idemitsu Kosan Co., Ltd.

Based on these studies, the three companies ---- Mitsui Chemicals, Maruzen Petrochemical, and Sumitomo Chemical ---- reached an agreement in which Mitsui Chemicals will withdraw from KEC by the end of fiscal 2014. The three companies will continue to discuss practical aspects and details of the withdrawal.

Mitsui Chemicals will further strengthen participation in the Chiba Chemicals Manufacturing LLP, as one of the Company's many efforts to restructure its petrochemical business, which includes products such as ethylene through to derivatives, and thereby sharpen its global competitive edge.

Mitsui Chemicals Decides to Withdraw from Keiyo Ethylene Co., Ltd. (PDF:29KB)

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MITSUI CHEMICALS, INC.
08/25 MITSUI CHEMICALS : Startup of Evolue™ Plant in Singapore
08/18 MITSUI CHEMICALS : Patent Issued for Multifocal Lens with a Diffractive Optical ..
08/06 MITSUI CHEMICALS : Financial summary - Results of the First Quarter of FY2016 & ..
07/28 MITSUI CHEMICALS : Production Augmentation for Thermoplastic Olefinic Elastomer ..
07/06 MITSUI CHEMICALS : Message from the President & CEO
06/30 MITSUI CHEMICALS : to expand premium high performance nonwoven facilities
06/30 MITSUI CHEMICALS : Announces Personnel Changes
06/30 MITSUI CHEMICALS : Expansion of Premium High Performance Nonwoven Facilities
06/30 MITSUI CHEMICALS : Expansion of Premium High Performance Nonwoven Facilities
06/14 MITSUI CHEMICALS : Winners of the '2016 Mitsui Chemicals Catalysis Science Award..
More news
Sector news : Commodity Chemicals - NEC
10:19a Samsung SDI to build $358 million car battery plant in Hungary by 2018
08/17DJLINDE : Praxair Confirms Talks With Competitor Linde -- WSJ
08/17 LINDE : Praxair and Linde's merger would face major antitrust hurdles
08/16DJLINDE : Confirms Merger Talks With Praxair -- Update
08/16 Gas suppliers Praxair, Linde hold merger talks
More sector news : Commodity Chemicals - NEC
Advertisement
Financials ( JPY)
Sales 2017 1 206 231 M
EBIT 2017 -
Net income 2017 44 717 M
Debt 2017 338 011 M
Yield 2017 2,01%
P/E ratio 2017 11,08
P/E ratio 2018 10,75
EV / Sales 2017 0,70x
EV / Sales 2018 0,67x
Capitalization 508 966 M
More Financials
Chart MITSUI CHEMICALS, INC.
Duration : Period :
Mitsui Chemicals, Inc. Technical Analysis Chart | 4183 | JP3888300005 | 4-Traders
Full-screen chart
Technical analysis trends MITSUI CHEMICALS,...
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 512  JPY
Spread / Average Target 2,7%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Tsutomu Tannowa Executive President & Representative Director
Yoshito Ito IR Contact, Head-Finance & Accounting
Shigeru Isayama Director, Head-Research & Development
Hideki Matsuo Managing Executive Officer & GM-Technology
Yasuji Omura Representative Director & Executive Vice President
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
MITSUI CHEMICALS, INC.-7.95%4 972
AIR LIQUIDE-SA ÉT.EXPL..-4.53%37 991
PRAXAIR, INC.19.38%34 870
AIR PRODUCTS & CHEMICA..19.81%33 758
LYONDELLBASELL INDUSTR..-8.32%33 121
SHIN-ETSU CHEMICAL CO ..13.18%31 389
More Results