Issue Date: May 28, 2012
Mitsubishi Transfers Fine Chemicals
Mitsubishi Chemical Holdings’ Mitsubishi Tanabe Pharma unit will transfer its fine chemicals operations to two other Japanese companies. API Corp., a subsidiary of Mitsubishi Chemical Corp., will take over Tanabe’s pharmaceutical ingredients business, which had sales last year of about $50 million. Taisho Technos, a subsidiary of Mitsui Sugar, will take over Tanabe’s food chemicals operations, which has annual sales of about $30 million. Tanabe says it wants to focus on drug discovery.
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