Mitsubishi Chemical Corp. has concluded agreements to transfer its polymer flocculant sales business to MT AquaPolymer, Inc. and Hymo Corp.
Once the transfer is complete, the two companies will outsource the manufacture of polymer flocculants to MCC. The transfer is subject to obtaining approval from competition authorities.
MTAP is a leading Japanese manufacturer of polymer flocculants and handles the production and sale of the same types of products as those to be transferred.
Hymo is a water treatment solution manufacturer that has a record of joint research and development with MCC on some of the products to be transferred.
These agreements have been reached in the expectation that the handover to the two companies of extensive sales networks built up by MCC and certain manufacturing technologies will reinforce the polymer flocculant business, which is strength of the two companies.
The transfer to MTAP involves the following products: Anionic, cationic, and amphoteric polymer flocculants and organic coagulants.
The transfer to Hymo involves the following products: N-vinylformamide; polyvinylamine; Polyvinyl amidine-based polymer flocculants and organic coagulants; Liquid types of polymers, including polymer flocculants, coagulants and fixing agents; Deodorant and defoaming agents; dehydrating agents; and inorganic coagulants.
This transfer of business to both the companies is scheduled for March 31, 2021.