Industry News

MCC to Expand Production Facilities for Adhesive Polymer in China and North America

Published on 2011-06-16. Author : SpecialChem

Mitsubishi Chemical Corporation (Head office: Minato-ku, Tokyo; President: Yoshimitsu Kobayashi) will expand production facilities for olefin thermoplastic elastomer and adhesive polymer in China and North America to further accelerate global expansion of the performance polymers business.

Olefin thermoplastic elastomer is used mainly as a raw material for automotive components such as airbag covers and adhesive polymer is used mainly as a raw material for food packaging and automotive components. Demand for these performance polymers is increasing in both China and North America.

In response to this growing demand, Mitsubishi Chemical will expand above-mentioned performance polymers production facilities in China and North America, with a total investment of some ¥700 million. This allows Mitsubishi Chemical to establish a supply and sales network in China, in addition to Japan, Europe, and North America.

The Mitsubishi Chemical Holdings Group medium-term management plan, APTSIS 15 positions performance polymers as a "growth business". Therefore, Mitsubishi Chemical will continue to promote global expansion in fields with growth potential such as automobile and medical care worldwide, including emerging countries. In addition, we will promote global expansion in fields of electric cable and wire and food packaging.

About Mitsubishi Chemical Corporation

Mitsubishi Chemical Corporation (MCC) operates the basic and petrochemicals businesses of Mitsubishi Chemical Holdings Corporation. Among the products the company makes are polyolefins like polyethylene and polypropylene, polycarbonate, and purified terephthalic acid (PTA). Mitsubishi Chemical operates manufacturing and R&D facilities throughout Japan and also maintains a presence in Asia, Europe, and the US. MCC is one of three units that comprise Mitsubishi Chemical Holdings; the other two are Mitsubishi Plastics and pharmaceuticals maker Mitsubishi Tanabe Pharma.

Source: Mitsubishi Chemical Corporation

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