Pic: Mitsui Substances
Japan’s Mitsui Substances a short while ago agreed to transfer its cent for every cent ownership of Mitsui Substances Nonwovens (Tianjin) Co to Nanhai Beautiful Nonwoven Co. The subsidiary is associated in production and sales of non-wovens. “This share transfer will see the Mitsui Substances Group focus its assets on two bases in Japan and Thailand,” Mitsui Substances reported in a statement.
“In performing so, the team will appear to additional bolster its existence in the sanitary nonwovens marketplaces of Japan and the ASEAN area,” it reported.
Nanhai Beautiful Nonwoven Co creates health-related and sanitary nonwovens with production amenities in China and the United States. Monetary specifics of the transfer had been not disclosed.
Fibre2Fashion News Desk (DS)
Mitsui Substances has agreed to transfer its cent for every cent ownership of Mitsui Substances Nonwovens (Tianjin) to Nanhai Beautiful Nonwoven.The subsidiary is associated in production and sales of non-wovens. “This share transfer will see the Mitsui Substances Group focus its assets on two bases in Japan and Thailand,” Mitsui Substances reported in a statement.
