Mitsui form China subsidiary functional polymeric materials business

Mitsui to form China subsidiary for functional polymeric materials business

5:39 AM, 7th September 2012
Mitsui to form China subsidiary for functional polymeric materials business

TOKYO, JAPAN: Mitsui Chemicals Inc is establishing a new company for functional polymeric materials, Mitsui Chemicals Functional Composites (Shanghai) Co Ltd, in the Jinshan district Shanghai, China. The new company will manufacture and distribute a thermoplastic olefinic elastomer, Milastomer and a polyolefin, Admer. To be established in November 2012, the production capacity of the new company will be 11,000 tonne/year. The plant will begin commercial operations in October 2014.

In response to the growing market demand, the company established a new supply base in Shanghai. In China, demand for Milastomer has grown in line with increased use of cross-linked thermoplastic elastomers in glass run channels of automobiles and demand for more luxurious automobile interior materials. Similarly, the market for Admer has grown along with wider applications of resins in automobile fuel tanks and spreading awareness of food safety resulting in the increased use of barrier food packaging materials.

Automotive manufacturers are concentrated in eastern China and the new company is expected to serve as the group’s compound base and future base for automotive polypropylenes in the area.

Mitsui Chemicals will continue to expand its functional polymeric compound business through intensification of the manufacture, distribution and technical service for its high quality, state-of-the-art products.

© WOC News



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