Mitsui's Singapore Phenol and Bisphenol A Subsidiaries to Merge
Mitsui Chemicals, Inc. (MCI) will combine two subsidiaries in Singapore on January 1, 2006 to form a new company Mitsui Phenols Singapore Pte. Ltd. This step reflects MCI's efforts to reinforce its phenol business by integrating operations. One subsidiary is Mitsui Phenols Singapore Pte. Ltd., a manufacturer and marketer of phenol and acetone that is 90% owned by MCI and 10% owned by Mitsui & Co., Ltd. The other company is wholly owned subsidiary Mitsui Bisphenol Singapore Pte. Ltd., a manufacturer and marketer of bisphenol A.
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