Monday, May 14, 2012

Mitsubishi Tanabe will transfer its fine chemical business

Mitsubishi Tanabe has announced that it will transfer its fine chemical business to two different companies. Its fine chemcial business comprises API manufacturing and food chemicals manufacturing. The API manufacturing business will be transferred to API corporation, while food chemical manufacturing will be transferred to Taisho Technos Co. limited. The transfer will not have any meaningful impact on business performance.

The reorganization is with an objective to focus more on the innovation business.