Mitsui Chemicals Transfers Equity in Shanghai Joint Venture to Sinopec

Mitsui Chemicals ( (JP:4183) ) has shared an announcement.

Mitsui Chemicals has announced its decision to transfer its equity interest in Shanghai Sinopec Mitsui Chemicals to Sinopec Shanghai Gaoqiao Petrochemical. This move is part of Mitsui’s strategy to optimize its phenols business amidst a challenging business environment, characterized by declining demand in Japan and increased overseas competition. The transfer is expected to help Mitsui focus on restructuring and enhancing its derivatives’ performance, aligning with its broader goal of minimizing revenue volatility and strengthening its green chemicals business.

The most recent analyst rating on (JP:4183) stock is a Sell with a Yen3650.00 price target. To see the full list of analyst forecasts on Mitsui Chemicals stock, see the JP:4183 Stock Forecast page.

More about Mitsui Chemicals

Mitsui Chemicals, Inc. operates in the chemical industry, focusing on the development and production of high-performance materials and green chemicals. The company is working to transform its Basic & Green Materials business, including phenols, into a robust green chemicals business to support Japanese industry.

Average Trading Volume: 1,004,111

Technical Sentiment Signal: Sell

Current Market Cap: Yen599.1B

For a thorough assessment of 4183 stock, go to TipRanks’ Stock Analysis page.