Mitsui Chemicals : PP Compounds Capacity Augmented to 1.05 Million Tons in FY2017
May 23, 2016 at 09:26 pm EDT
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Mitsui Chemicals, Inc. (Tokyo: 4183; President & CEO: Tsutomu Tannowa) and Prime Polymer Co., Ltd. (President: Takeshi Kaide; JV: Mitsui Chemicals 65%, Idemitsu Kosan 35%) announced production augmentation, to strength the Group's position in growth markets, at three of its global PP compound hubs - United States, Mexico, and India - in response to growing demand for automotive use polypropylene.
The Group currently has 8global production sites (Japan, USA, Mexico, Europe, Thailand, China, India, and Brazil) and R&D facilities in 5areas (Japan, USA, Europe, Thailand, and China) for automotive use polypropylene (PP) and has continued to enhance its production system for premium-quality products.
While needs to reduce environmental load and regulatory constraints expand, the demand for lighter weight automobile parts which do not require paint processing, such as bumpers and instrument panels, is also expected to grow.
In fiscal 2007, the Group will strengthen its production capacity by 5% in North America, Europe, and Asia bringing the production capacity to 1.05million from the current 1 million tons, thereby securing its position as the world's top class provider of PP compounds for automotive use.
The Mitsui Chemicals Group will continue to bolster its manufacturing, sales, and technical service system to supply high-quality products and actively strengthen and expand its PP compound business.
Augmentation Outline
Company (location)
Augmented Lines & Operation Date
Advanced Composites, Inc.(America)
2 lines / July FY2017
Advanced Composites Mexicana, S.A. de C.V.(Mexico)
1 line / July FY2017
Mitsui Prime Advanced Composites India PVT. LTD. (India)
1 line / July FY2017
PP Compound Production Capacity
Area
FY2015
FY2016
FY2017
Global
1,000
1,000
1,050
North America
410
410
440
Europe
15
15
20
Asia (incl Japan)
575
575
590
(Japan)
(310)
(310)
(310)
Company Outlines
Advanced Composites, Inc. (America)
(1) Establishment:
June 1986
(2) Capital:
US$ 14.1 million
(3) Ratio:
Mitsui Chemicals America 59.8%, Prime Polymer 3.0%, Other 37.2%
(4) Head Office:
Ohio, USA
(5) Production Facilities:
Ohio & Tennessee, USA
Advanced Composites Mexicana, S.A. de C.V. (Mexico)
(1) Establishment:
February 1994
(2) Capital:
US$ 2.6 million
(3) Ratio:
Advanced Composites Inc. 100%
(4) Head Office:
Aguascaliente, Mexico
Mitsui Prime Advanced Composites India PVT. LTD. (India)
(1) Establishment:
September 2007
(2) Capital:
2.5 billion rupees
(3) Ratio:
Mitsui Chemicals 70.96%, Prime Polymer 20%, Other 9.04%
(4) Head Office & Production Facility:
Neemrana, India
Attachment
PP Compounds Capacity Augmented to 1.05 Million Tons in FY2017 ~World Top Strategy Backed by Eight Strong Global Hubs~ (PDF : 289KB)
Mitsui Chemicals Inc. published this content on 24 May 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 24 May 2016 01:25:02 UTC.
Original documenthttp://www.mitsuichem.com/release/2016/160524.htm
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Mitsui Chemicals, Inc. specializes in the manufacture and marketing of chemicals products. Net sales break down by product family as follows:
- basic chemicals and fine chemicals products (48.8%): polypropylene, polyethylene, phenols, polyolefins, polyurethane, etc.;
- performance chemicals products (25.5%): elastomers, urethane, polymers, etc. intended in particular for the automotive industry;
- coating materials, films and agrochemicals (14.6%): resins, adhesives, polypropylene films, polyethylene films, industrial films, agrochemicals (insecticides, fungicides, herbicides, etc.) for the food and packaging sectors;
- specialty materials (10.2%): ophthalmic lens materials, photochromic materials, non-woven fibers, dental products, etc. dedicated to the medical and healthcare industry;
- other (0.9%).
Net sales are distributed geographically as follows: Japan (52.2%), China (14.5%), Asia (13.6%), America (11.8%), Europe (7.3%) and other (0.6%).