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The acquisition of the PVC compound business of Welset will be carried out in the autumn this year.
The acquisition of the PVC compound business of Welset will be carried out in the autumn this year.

Mitsubishi Chemical Corporation recently announced to acquire the PVC compound business of Welset Plast Extrusions Pvt. Ltd.

Welset is engaged in master batch (including PVC master batch) and PVC compound businesses in India and other areas. Mitsubishi has reached an agreement with the company for the acquisition of the PVC compound business which will be carried out in the autumn this year.

Welset’s PVC compound business has a solid foundation in India and ASEAN markets as it holds the leading market share in India’ s medical field.

Mitsubishi, meanwhile, manufactures and sells thermoplastic elastomers in India and is expanding its business in the automotive application, mainly for airbag covers.

The acquisition will allow Mitsubishi to enter the medical PVC compound business. Furthermore, Mitsubishi will strengthen its existing PVC and thermoplastic elastomers businesses in India and ASEAN markets by utilizing Welset’s marketing channels and infrastructure.

Mitsubishi will continue to grow its performance polymers business thorough diversifying its application portfolio and accelerating business development in growth markets.

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