Mitsui Chemicals : Production Augmentation for Thermoplastic Olefinic Elastomer MILASTOMER™
July 28, 2016 at 01:26 am EDT
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Mitsui Chemicals, Inc. (Tokyo: 4183; President & CEO: Tsutomu Tannowa) announced a one line production augmentation (5,000 tons/annum) for MILASTOMER™ at its wholly-owned domestic subsidiary, Sun Alloys Co., Ltd. (President: Mitsuru Ito), to respond to upswings in demand for thermoplastic olefinic elastomers.
Company Name
Sun Alloys Co., Ltd.
Capital
50 million yen (Mitsui Chemicals 100%)
Establishment
November 1993
Location
Head Office & Production Facilities: Chiba, Japan
President
Mitsuru Ito
Business
Manufacture and sale of compounded polymers
Augmentation
5,000 tons / annum
Schedule
Construction commencement : February 2017
Construction completion : June 2017
Commercial operations : October 2017
Milastomer™ is a light-weight, soft resin with low density and excellent moldability. Demand has grown significantly for uses in automotive materials, gaskets and civil engineering joint fillers, building materials, and grips, and is expected to continue to expand around the world in line with wider uses in automotive interiors and as weather strips. The planned production facilities augmentation for Milastomer™ is a proactive response to such demands.
In the Mitsui Chemicals Group's Mid-Term Business Plan, it positions the Mobility segment as a targeted business domain that drives growth, in addition to the Healthcare and Food & Packaging domains, and has continued to proactively expand operations. The Group's Milastomer™ business is a core business in the mobility domain and we will continue to bolster growth and expansion. Mitsui Chemicals, as a solution provider, will continue to strengthen its Milastomer™ business through such efforts as the current planned Sun Alloys production augmentation to expand its business around the world by capturing demand in the growing global market by responding to needs.
Attachment
Production Augmentation for Thermoplastic Olefinic Elastomer MILASTOMER™ ~ Dynamic business expansion in the mobility business domain ~ (PDF : 128KB)
Mitsui Chemicals Inc. published this content on 28 July 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 July 2016 05:26:00 UTC.
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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%).