Asahi Kasei has agreed to set up a venture with Mitsubishi Chemical Holdings for the joint operations of their ethylene plants in Chiba, Japan, effective in April 2011. Mitsubishi Ravon became a wholly-owned subsidiary of Mitsubishi Chemical Holdings on 1 Oct. 2010 (PCN, 28 Nov 09, p 2). Mitsubishi Rayon has been delisted from the Tokyo Stock Exchange and Osaka Securities Exchange.
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