Mitsubishi Corporation Joins PET Chemical Recycling Business

Mitsubishi Corporation (MC) has reached an agreement with Taiwan’s Shinkong Synthetic Fibers Corporation (Shinkong), a Taiwan-based major producer of polyester fiber and PET*1, to accept a third-party allotment of shares in the Shinkong subsidiary Thai Shinkong Industry Corporation Ltd. (TSIC), a Thailand-based producer of PET used to make plastic beverage bottles. This subscription will increase MC’s share in TSIC from 3.85% to 34%...
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