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Mitsui Chem to go on Y100bn M&A spree in 2011
Nov. 10, 2010
These planned purchases will target agrochemicals, functional films and other key areas. The firm seeks to reduce its heavy dependence on the petrochemicals business, which is susceptible to economic swings.
Mitsui Chemicals is considering "several deals on a global scale," according to President Toshikazu Tanaka.
Under the new plan, Mitsui Chemicals aims to boost operating profit from the 35 billion yen projected for this fiscal year to 100 billion yen in fiscal 2013.
Source: Nikkei
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