Mitsubishi Chemical Group (MCG Group) has reached a deal with GSI Creos Corporation to transfer its triacetate fiber business.

Mitsubishi Chemical has Toyama Plant in Kaigan-dori 3, Toyama City, Toyama Prefecture. The transfer also includes Ryoko Sizing Co., a wholly-owned Group subsidiary, engaged in the processing of triacetate fiber yarn and Omizo 1-23-5, Awara City, Fukui Prefecture,

The MCG Group targets focus markets based on key global trends and undertakes portfolio management focused on market growth potential, competitiveness, and sustainability.

Triacetate fiber is a man made cellulose fiber made from natural pulp and is produced exclusively by the MCG Group in the world.

The material is highly regarded in apparel markets in Japan and abroad for its material characteristics and a certain level of demand growth is expected in future, and the decision to transfer this business was based on the determination that growing the business sustainably under the best owner would be optimal.