Tokyo—Mitsui Chemicals said it is restructuring its organization as part of the company's effort to accelerate business strategy, new business and product creation strategy, and business support strategy in its 2014 mid-term business plan. As part of the restructuring, the Fine & Performance Chemicals Division and the Licensing Division, both part of functional chemicals, will be transferred to the basic chemicals business sector and petrochemicals business sector, respectively. Mitsui Agro, part of functional chemicals, will be upgraded from a division to a business sector. Functional chemicals will be renamed as the health care business sector.
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