Mitsui Chemicals Inc. (TYO:4183) has posted its results for fiscal 2020. The company recorded 1.21 trillion yen ($11.09 billion) in sales revenue for the year, down 10.2 percent year-on-year; 85.14 billion yen in core operating income, up 17.7 percent; and 57.87 billion yen in net income, up 70.4 percent. This marks a new record high for the company’s core operating...
Mitsui Chemicals Inc. (TYO:4183) has received a letter of gratitude from the Ministry of Economy, Trade and Industry (METI), thanking the company for working over the past year to boost its raw material production for medical gowns, masks and so on. With COVID-19 starting to spread widely around the world last spring, there was a shortage of medical gowns. And...
Mitsui Chemicals Inc. (TYO:4183) is set to raise its selling price for Mitsui EPT. The change will apply to all lines of the material, and will affect shipments Dec. 1 onward. Sales in the Japanese market will have their prices increased by 20 yen ($0.19) per kilogram. Meanwhile, sales to overseas customers will see a price increase of $200 per...
Mitsui Chemicals Inc. (TYO:4183) recently announced that it will have wholly owned subsidiary Sunrex Industry Co. Ltd. expand its production facilities for Teknorote mask nose clamps. This comes as an effort to meet increased demand, with mask-wearing now having become commonplace due to the fight against COVID-19. Through this move, Mitsui Chemicals will bolster its production capacity of mask nose...
Mitsui Chemicals Inc. (TYO:4183) and Prime Polymer Co. Ltd. announced on June 11 that they have begun business operations at Mitsui Prime Advanced Composites Europe BV (ACE), a joint venture that also includes Mitsui & Co. Ltd. (TYO:8031). Located within Chemelot Industrial Park in the Netherlands, ACE is the Mitsui Chemicals Group’s first polypropylene (PP) compounding plant in Europe. The...
Mitsui Chemicals Inc. (TYO:4183) has teamed up with Professor Katsutoshi Hori of the Graduate School of Engineering at Nagoya University and Friend Microbe Inc., a venture stemming from Nagoya University, to start development for a reusable 3D-printed mask. The greatest feature of this new mask promises to be virus-blocking capabilities while also offering reusability. This is achieved with a reusable...
