April 03, 2026 [Indian Chemical News]- Mitsubishi Chemical Corporation has announced that it has agreed with Kaohsiung Monomer Company Limited (KMC) and China Petrochemical Development Corporation (CPDC) to dissolve its co-ownership of KMC and transfer all its shares to CPDC.

The move comes as the MMA market in Asia faces intensifying competition driven largely by China’s large-scale capacity expansion. Mitsubishi Chemical said it carefully reviewed the strategic significance of retaining its Taiwanese production base and decided it was time to exit.

“Recognizing this business environment, the Company reviewed the strategic significance of continuing to own the MMA monomer production base in Taiwan, and decided to dissolve its co-ownership of KMC with CPDC and transfer all of the equity interest held by the Company in KMC to CPDC,” the company stated.

Mitsubishi Chemical emphasized that it will focus on strengthening its global MMA manufacturing footprint.

“Going forward, as an MMA manufacturer that possesses a number of MMA manufacturing technologies and runs production facilities around the world, the Company will consolidate its production facilities into locations where it is relatively more competitive while accelerating entry into markets having high growth potential, as part of efforts to build optimal production and marketing networks,” it said.