Establishment of Strategic Base for Compounds in China
- New Company for Milastomer™ and Admer™ -
September 6, 2012
Mitsui Chemicals, Inc. with its head office in Tokyo, Japan (Toshikazu Tanaka, President & CEO) announced establishment of 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 Milastomer™, a thermoplastic olefinic elastomer widely used in glass run channels for automobile windows and in sheathing applications, and Admer™, a polyolefin widely used as an adhesive for automobile fuel tanks and food packaging.
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. To respond to this growing market demand, the Company established a new supply base in Shanghai.
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 its ongoing efforts to strengthen and expand its functional polymeric compound business through intensification of the manufacture, distribution, and technical service for its high quality, state-of-the-art products.
New Company Outline
|1. Name||Mitsui Chemicals Functional Composites (Shanghai) Co., Ltd.|
|2. Business area||Manufacture and distribution of Milastomer™ and Admer™|
|3. Location||Jinshan District Shanghai, China|
|4. Production capacity||11,000 tons/year|
|5. Schedule (tentative)||Establishment: November 2012
Commercial operation: October 2014