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Sekisui to buy Mitsubishi pipe operations in Japan, China

By: Steve Toloken

TOKYO (July 25, 12:50 p.m. ET) — Sekisui Chemical Co. Ltd. plans to buy the Japanese PVC pipe manufacturing business of Mitsubishi Plastics Inc., including a joint venture in China, to create what would be the largest plastic pipe maker in Japan and try to boost its profits in a slower market there.

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