SYNTHETIC FIBRE MERGER
December 1st, 2002
BY ALAN OSBORN
THE EUROPEAN Commission has granted regulatory clearance to a proposed
joint venture involving three Japanese companies active in the synthetic
fibre machinery sector: Toray, Murata and Teijin. The companies are to
combine their production facilities in the Japanese market. Brussels said
it had examined the deal but found that it raised no competition concerns
where the European Union was concerned.
THE EUROPEAN Commission has granted regulatory clearance to a proposed
joint venture involving three Japanese companies active in the synthetic
fibre machinery sector: Toray, Murata and Teijin. The companies are to
combine their production facilities in the Japanese market. Brussels said
it had examined the deal but found that it raised no competition concerns
where the European Union was concerned.
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