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Mitsui Chemicals to Shift Base of TAFMER™ Elastomer to Singapore

Published on 2011-03-14. Author : SpecialChem

SINGAPORE -- Mitsui Chemicals, Inc. announced that it has decided to transfer head office functions for its high performance elastomer TAFMER™ to Singapore as part of its new Mid-Term Business Plan which targets global expansion of the Company's highly competitive businesses.

Demand for TAFMER™, against the backdrop of Asia's economic and industrial growth and sophistication, is expected to continue to expand. In March 2010, Mitsui Elastomers Singapore commenced commercial operation at its second plant (capacity 100,000 tons/annum) to further strengthen the Company's competitive platform in Asia, its most important market.

Currently, overall business management of the Company's TAFMER™ operations has been implemented by the Company's head office Business Division in Tokyo. However, from April 2011, to efficiently respond to Asia's robustly growing demand, head office operations for TAFMER™ business including formulation and implementation of business strategy and responsibility for revenue will be transferred to Mitsui Elastomers Singapore ("MELS").

MELS is currently responsible for over 80% of TAFMER™'s production and distribution and heads the supply chain for the product. MELS will be upgraded to a position in line with a head office business division to implement more speedy and aggressive management for the product.

MCI will maintain its top position in Asia by intensifying its high quality, high performance products and their technical support networks while accelerating the strengthening of TAFMER™ operations in Europe and the Americas to consolidate a foothold as a global top supplier.

TAFMER™, a flexible and lightweight olefin elastomer with wide applications, dramatically improves impact resistance and heat sealing properties of materials when blended with thermoplastic resins such as polypropylene or polyethylene. Demand for the product in automotive, industrial, and packaging material industries has continued to see significant growth.

About Mitsui Chemicals, Inc.

Mitsui Chemicals, Inc. has increasingly expanded its business in the United States by offering technology and products through Mitsui Chemicals America, Inc. Mitsui Chemicals America, Inc. is headquartered in Rye Brook, NY. Mitsui Chemicals America, Inc. focuses on market development of specialty products such as Chemicals & Intermediates, Chemical Solvents, Specialty Polymers and Engineering Plastics, Functional Materials, Electronic Materials and Adhesive Resins. The products are used in a variety of applications for the automotive, packaging, healthcare, semiconductor and electronics industries.

Source: Mitsui Chemicals, Inc.

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