TOKYO-Tuesday, March 27th 2018 [
AETOS Wire ]
(BUSINESS WIRE) -- Mitsui Chemicals,
Inc. (TOKYO:4183)(President & CEO: Tsutomu Tannowa) has decided to set
up a new production facility for MILASTOMER™ thermoplastic olefin elastomer at
the Ohio-plant of its U.S. subsidiary Advanced Composites, Inc. (President:
Keiji Shite).
Overview of New Production Facility
- Product
MILASTOMER™
- Location
Advanced Composites, Inc.,
Ohio plant
- Capacity
1 production line; 6,000
tons/year
- Schedule (tentative)
Construction begins January 2019.
Completion in June. Operations commence in October.
The primary ingredients of
MILASTOMER™ thermoplastic olefin elastomer are olefin rubber and olefin resin.
With its low density, light weight and excellent moldability, Mitsui Chemicals
markets the soft resin worldwide as a substitute for vinyl chloride and
vulcanized rubber. The many uses for MILASTOMER™ include auto parts, building
gaskets, toothbrushes, golf club grips and more. Global demand is projected to
rise, primarily for applications such as automotive interior covers, weather
strips, air bag covers and steering bellows. Demand for use in automotive
interior covers is expected to expand especially in North America.
Mitsui Chemicals currently owns
production centers in Japan, Europe and China. The new facility in the U.S.
will address growing demand in North America and serve as the company's fourth
production base worldwide. Mitsui Chemicals America, Inc. will sell MILASTOMER™
in North America, while Advanced Composites, Inc. will handle production.
As Mitsui Chemicals is working to
further strengthen its MILASTOMER™ business, the company will provide a safe
and steady supply by correctly gauging global growth in demand so as to
continue expanding business.
Overview of Advanced Composites,
Inc.
- Established
June 1986
- Capital and Stakes
US$14,100,000
Mitsui Chemicals America, Inc.
(wholly owned by Mitsui Chemicals): 59.8%
Prime Polymer Co. Ltd.: 3.0%
Mitsui & Co. Ltd. (incl.
Mitsui Plastics, Inc.): 27.0%
Marubeni America Corporation: 10.2%
- President
Keiji Shite
- Head Office and Plants
Head Office: Ohio
Plants: Ohio, Tennessee
- Business
Production, sale and research of
polypropylene compounds
Contracted production of MILASTOMER™
(to be added October 2019)
This press release features
multimedia. View the full release here:
https://www.businesswire.com/news/home/20180326006195/en/
Contacts
Mitsui Chemicals, Inc.
Takashi Kawamoto, +81-3-6253-2100
Corporate Communications Division
takashi.kawamoto@mitsuichemicals.com
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