11.   The new company will develop, produce and sell synthetic resins in Indonesia.

12.   International market monitors here predicted a slight glut in synthetic resins and rubber, but forecast the supply of synthetic raw materials would remain short.

13.   As a result, Mitsubishi Chemical sustained losses in all divisions of the petrochemical operations, including synthetic resins, textile materials and basic petrochemical products, Takano said.

14.   Mergers with other synthetic resin producers are also possible although the two companies said there were no plans for a direct merger between Showa Denko and Nippon Oil themselves.

15.   Officials said sales of synthetic resins for electronics products and the auto sector rose, with demand seen remaining firm.

16.   Showa Denko and Nippon Oil are also considering plans to transfer their processed synthetic resin operations to the new company, officials said.

17.   The ethylene will be shipped mainly to Indonesian synthetic resin products makers, it said.