Top acrylic fiber maker Mitsubishi Rayon Co . ( 3404 JP ) stocks rose as much as 13 yen to 378 yen.
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The acrylic fiber manufacturer raised its current profit forecast 38 . 5 percent to 18 billion yen for the year ended March 31.
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Courtaulds and Hoechst already have one joint venture dating from April 1994, when the companies merged their viscose and acrylic fibers in Europe.
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Hanil, which makes acrylic fiber and yarn, dropped 150 won to 4, 550, while Sepoong, a printing paper maker, lost 390 won to 8, 910.
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Acid dyes are water-soluble anionic dyes that are applied to fibers such as silk, wool, nylon and modified acrylic fibers using neutral to acid dye baths.
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"' Acrylic fibers "'are synthetic fibers made from a polymer ( polyacrylonitrile ) with an average molecular weight of ~ 100, 000, about 1900 monomer units.
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Courtaulds uses the two materials to make its two of its leading products, acrylic fiber and viscose rayon, used in a wide variety of industrial materials.
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While price increases for leading raw materials like acrylonitrile-- used to make acrylic fiber-- are lower, the company is far from strong profit growth, said analysts.
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Queeny moved Thomas to St Louis, Missouri, where he became director of Central Research, while Hochwalt remained in Dayton to work on Acrilan, Monsanto's acrylic fiber.
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The company will own several trademarks, including Wear-Dated for residential carpet fiber, Saflex for plastic interlay and Acrilan for acrylic fiber used in apparel and upholstery.
