CELEX: 32020M9834
Language: en
Date: 2020-06-02 00:00:00
Title: Commission Decision of 02/06/2020 declaring a concentration to be compatible with the common market (Case No COMP/M.9834 - IRPC / JPP / MYTEX) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 02.06.2020
                                                                C(2020) 3666 final
                                                                                 PUBLIC VERSION
                                                                To the notifying party
Subject:        Case M.9834 – IRPC/JPP/MYTEX
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                (EC) No 139/20041 and Article 57 of the Agreement on the European
                Economic Area2
Dear Sir or Madam,
1.      On 30 April 2020, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which IRPC Public
        Company Limited (IRPC, Thailand), controlled by PTT plc, and Japan Polypropylene
        Corporation (JPP, Japan), controlled by Mitsubishi Chemical Holdings Corporation,
        acquire within the meaning of Articles 3(1)(b) and 3(4)of the Merger Regulation joint
        control of the whole of Mytex Polymers (Mytex, Thailand), currently controlled by
        JPP. The concentration is accomplished by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
        −     for IRPC: manufacturing of petrochemical and petroleum-based products,
        −     for JPP: manufacturing of compounded polypropylene and polypropylene resins,
        −     for Mytex: production of compounded polypropylene, polypropylene for
             automotive parts, out-line compounded polypropylene for home appliances, and
              long fibre reinforced polypropylene.
1       OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’). With effect from 1 December 2009, the Treaty on
        the Functioning of the European Union (‘TFEU’) has introduced certain changes, such as the
        replacement of ‘Community’ by ‘Union’ and ‘common market’ by ‘internal market’. The terminology
        of the TFEU will be used throughout this decision.
2       OJ L 1, 3.1.1994, p. 3 (the ‘EEA Agreement’).
3       Publication in the Official Journal of the European Union No C 163, 12.5.2020, p.13.
Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË
Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.
 ---pagebreak--- 3. After examination of the notification, the European Commission has concluded that
   the notified operation falls within the scope of the Merger Regulation and of
   paragraph 5(a) of the Commission Notice on a simplified procedure for treatment of
   certain concentrations under Council Regulation (EC) No 139/2004.4
4. For the reasons set out in the Notice on a simplified procedure, the European
   Commission has decided not to oppose the notified operation and to declare it
   compatible with the internal market and with the EEA Agreement. This decision is
   adopted in application of Article 6(1)(b) of the Merger Regulation and Article 57 of
   the EEA Agreement.
                                                  For the Commission
                                                  (Signed)
                                                  Olivier GUERSENT
                                                  Director-General
4  OJ C 366, 14.12.2013, p. 5.
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