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

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

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

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.
04/11 TOYOTA BOSHOKU : and Mitsui Chemicals Conclude a Patent License Agreement on Hig..
04/11 MITSUI CHEMICALS; : Startup of Electrolyte Solution Production Facilities at Nag..
04/11 MITSUI CHEMICALS : Grand Opening Ceremony at Prime Evolue Singapore
04/11 MITSUI CHEMICALS : Patent License Agreement on High Impact-Resistant Plastic wit..
04/10 MITSUI CHEMICALS; : Startup of Electrolyte Solution Production Facilities at Nag..
04/10 MITSUI CHEMICALS : Startup of Electrolyte Solution Production Facilities at Nago..
04/07 MITSUI CHEMICALS : Patent Issued for Propylene/Alpha-Olefin Copolymer and Uses (..
04/04 MITSUI CHEMICALS : Cooperation in Materials with Keio SDM in Exibition at Salone..
04/03 MITSUI CHEMICALS : Establishment of Mitsui Chemicals Thailand
04/03 MITSUI CHEMICALS : President’s Address at 2017 Company Entrance Ceremony
More news
Sector news : Commodity Chemicals - NEC
08:23aDJLINDE : 1Q Revenue, Profit Beat Expectations
04/27DJLINDE : Staff Rally Against Planned Praxair Merger
04/26DJLINDE : 1Q 2017 -- Forecast
04/26DJAKZO NOBEL : Sits Tight in Face of PPG Bid -- WSJ
04/25DJAKZO NOBEL : Rejects Elliott's 'Irresponsible' EGM Request as PPG Made to Wait
More sector news : Commodity Chemicals - NEC
Advertisement
Financials ( JPY)
Sales 2017 1 183 304 M
EBIT 2017 -
Net income 2017 58 438 M
Debt 2017 344 215 M
Yield 2017 2,01%
P/E ratio 2017 9,88
P/E ratio 2018 9,79
EV / Sales 2017 0,79x
EV / Sales 2018 0,73x
Capitalization 586 640 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
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 660  JPY
Spread / Average Target 15%
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 Director & Managing Executive Officer
Masaharu Kubo Director, Head-Accounting & Legal Affairs
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
MITSUI CHEMICALS, INC.9.13%5 277
AIR LIQUIDE5.06%46 914
SHIN-ETSU CHEMICAL CO ..8.11%38 118
PRAXAIR, INC.7.07%35 797
LYONDELLBASELL INDUSTR..1.91%35 211
AIR PRODUCTS & CHEMICA..-1.89%30 702
More Results