Published on March 4, 2015

Mitsui Chemicals is planning on restructuring operations of its functional chemicals business unit, to fast-track new product development and business strategy. This move is a part of the firm’s 2014 mid-term business plan, which will help simplify domain of each business sector.

This move will help fortify business support function and accelerate decision making, while increasing operational efficiency and reducing interdepartmental coordination. As part of the restructuring, Mitsui functional chemicals business sector's fine and performance chemicals division and licensing division will be allocated to its basic chemicals business segment and petrochemicals business sector, respectively.