Mitsui Chemicals Inc. (TYO:4183) President and CEO Tsutomu Tannowa recently announced that the company set new record-high operating, ordinary and net profits in the first half (April–September) of the fiscal year ending March 31, 2018. Over the period, the company generated 620.9 billion yen ($5.49 billion) in sales, 48.2 billion yen in operating profit, 49.9 billion yen in ordinary profit...
Mitsui Chemicals Inc. (TYO:4183) has announced that it will acquire the Sunvieo thermoplastic styrene elastomer (TPS) business currently held by Asahi Kasei Corp. (TYO:3407) on Oct. 1. The acquisition price has not been disclosed. With the acquisition, Mitsui Chemicals will be better situated to answer wide-ranging needs in various sectors, such as auto parts and consumer products. Mitsui Chemicals currently...
Mitsui Chemicals Inc. (TYO:4183) will expand production capacity for thermoplastic elastomer product Milastomer to 60,000 tons by 2020. This figure represents a 30-percent increase compared to 2017’s volume. Milastomer is a cross-linked olefin-based thermoplastic elastomer, referred to as thermoplastic vulcanite (TPV). The material’s primary ingredients are ethylene propylene (EP) rubber and polypropylene (PP). Compared to other soft resins, Milastomer has...
Responding to increased global demand, Mitsui Chemicals Inc. (TYO:4183) will increase annual production capacity of its Milastomer thermoplastic elastomer by 5,000 tons. The company will invest almost 1 billion yen ($10 million) in expanding production facilities of its wholly-owned subsidiary Sun Alloys Co. Ltd., adding one production line of 5,000 annual tons. Construction will start in February 2017 and is planned...
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