Subsidiaries of Mitsubishi Chemical Corporation (4188.T) have reached an agreement with Green E Origin SARL to transfer the lithium-ion battery electrolyte manufacturing assets operated by Mitsubishi Chemical America, the company's U.S. subsidiary, and Mitsubishi Chemical UK, the UK subsidiary, to GEO. The transfer is scheduled to take place on March 31, 2026.
The company said, to transform to an upgraded business model in the European and American markets, and respond to mid to long-term growth of market, it has decided to transfer manufacturing bases in the United States and the United Kingdom to GEO.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.