TSE:4182Chemicals
Mitsubishi Gas Chemical Company (TSE:4182) Valuation After Dutch MXDA Project Cancellation
What the MXDA project cancellation means for Mitsubishi Gas Chemical Company (TSE:4182)
Mitsubishi Gas Chemical Company (TSE:4182) has formally decided to discontinue construction of its meta xylenediamine facility in the Netherlands, closing the door on a project that already led to asset impairment charges.
The board weighed options such as restarting construction or partnering with another company. It concluded that the MXDA operation would not secure sufficient profit, so investors now...