Supattanapong Punmeechaow, President and CEO, GC; Patiparn Sukorndhaman, Chairman of the Board of Directors, TOCGC; and Tsutomu Tannowa, President and CEO, MCI, were on hand to sign the JV agreements. GC and TOCGC will hold 74% of the shares in SMPC and TPRC, while MCI will hold 26%.
Under the JV, GC will supply feedstock paraxylene (PX), a key raw material for PTA, and TOCGC will supply mono ethylene glycol (MEG), a key raw material for PET. MCI will provide technology knowhow, technical support as well as its marketing and sales network.
