The agreement brings together complementary capabilities and synergies of both businesses and secures the long-term supply of PAN resin and ZexlonT film to Mitsui customers across Asia.
The value of the transaction was not disclosed.
On completion of the deal, Ineos will immediately take over responsibility for sales and marketing to all Mitsui PAN resin and ZexlonT film customers and will work closely with them to obtain necessary approvals and make the transition to Ineos Barex products.
Mitsui production will be continued for sufficient time for approvals to transition to Ineos Barex products. The deal comprising the sales, marketing, and supply of PAN resin and ZexlonT film is expected to be completed on 1 August 2013.
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