Mitsubishi Gas Chemical (MGC) has executed the transfer of operations associated with the marketing of and research into polyacetal resins, polyphenylene ether resins, and high-performance polyamide resin compounds, along with its business operations for supervising these functions, to Global Polyacetal Co., Ltd. (GPAC), a wholly owned subsidiary of MGC. Polyacetal (POM) serves as an excellent engineering plastic that is highly resistant to abrasion, creep, fatigue and chemicals. It is widely used as a material for automobile parts as well as for electric, electronics and other precision mechanical device components. The MGC Group has maintained POM production bases in Japan (Yokkaichi), Thailand, South Korea and China, striving to expand its relevant operations globally. The latest decision to unify these operations is intended to further update the Group’s business structure.