Mitsubishi Chemical Group will discontinue manufacturing at its Onahama and Iwaki Plants in Iwaki City, Fukushima, by March 2027.
The decision follows a review under the New Medium-Term Management Plan 2029, aiming for business transformation.
Despite efforts to streamline operations, profitability was challenging.
Employee support and reassignment will be provided.
The decision follows a review under the New Medium-Term Management Plan 2029, aiming for business transformation.
Despite efforts to streamline operations, profitability was challenging.
Employee support and reassignment will be provided.