Production Augmentation for Thermoplastic Olefinic Elastomer MILASTOMER™
～ Dynamic business expansion in the mobility business domain ～
Mitsui Chemicals, Inc.
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.
Outline of Sun Alloys Co., Ltd. & Production Augmentation Plan:
|Company Name||Sun Alloys Co., Ltd.|
|Capital||50 million yen (Mitsui Chemicals 100%)|
|Location||Head Office & Production Facilities: Chiba, Japan|
|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.