Mitsui Chemicals and Prime Polymer Establish New PP Compounds Company in Netherlands
2018年5月30日 - 2:00PM
ビジネスワイヤ(英語)
Strengthening world-leading position in
automotive-use PP compounds
Mitsui Chemicals, Inc. (TOKYO: 4183) (President & CEO:
Tsutomu Tannowa) and Prime Polymer Co., Ltd. (President: Naoshi
Hamada), owned 65 percent by Mitsui Chemicals and 35 percent by
Idemitsu Kosan Co., Ltd. (TOKYO: 5019) (Representative Director
& CEO: Shunichi Kito), announced today that the Group will
establish Mitsui Prime Advanced Composites Europe B.V. in the
Netherlands, together with Mitsui & Co., Ltd. (TOKYO: 8031)
(President & CEO: Tatsuo Yasunaga). The new company will be
Mitsui Chemicals’ first European production base for polypropylene
(PP) compounds in response to growing global demand for
automotive-use PP, it is scheduled to start operations in June
2020.
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Image of new factory in the Netherlands
(Photo: Business Wire)
Mitsui Chemicals Group currently operates eight production bases
around the world (Japan, the U.S., Mexico, Europe, Thailand, China,
India and Brazil) and has five research bases (Japan, the U.S.,
Europe, Thailand and China) and has continued to enhance its
production systems, sales and R&D of high-performance PP
compounds, which can be used to help reduce the weight of
automobiles.
Recently strengthened environmental regulations have driven an
increasing global need for lighter automobiles. As a result, demand
for PP compounds is rising each year to meet light-weighting needs
in bumpers, instrument panels and more. Mitsui Chemicals Group’s
light-weight solutions are well accepted by automobile
manufacturers all over the world and the Group expects to see its
business expansion in Europe.
By establishing the new company with production, sales,
technology service, and R&D function in the Netherlands, the
Group reinforce close customer support providing effective
light-weight solution in Europe and bolster the Group’s global
network.
Mitsui Chemicals Group will continue to strengthen and expand PP
compounds business through enhancing production, sales and
technology service structure to supply high-quality products,
responding to automobile manufacturers’ light-weight needs and
their global development.
Overview of New Company
Company name (tentative) Mitsui Prime Advanced
Composites Europe B.V. (ACE) Location Chemelot Industrial
Park, Limburg, the Netherlands Establishment June 2018
Capital 18.4 million euros Ownership Mitsui
Chemicals, Inc.: 75% Prime Polymer Co., Ltd.: 10%
Mitsui & Co., Ltd.: 15% Production capacity 30,000
tons/year Beginning of operations June 2020
(tentative)
About Mitsui Chemicals
Mitsui Chemicals’ roots can be traced back to 1912 when it began
producing raw material for chemical fertilizers from coal gas
byproducts, the first company in Japan. This undertaking
significantly contributed to increasing agricultural productivity,
a major social issue at the time. Later, the company evolved its
technology from coal chemicals to gas chemicals, and in 1958 it
built Japan’s first petrochemical complex and so provided impetus
to Japan’s industrial sector. Today, the company boasts many
world-class products with over 150 companies in 30 countries. Its
business portfolio includes environment-friendly materials for
next-generation mobility, healthcare services to realize health and
happiness in an ageing society, packaging that ensures the
reliability and safety of food products, agrochemicals that
contribute to increased production of food, electronic materials,
and environment-friendly materials for the energy sector.
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Mitsui Chemicals Inc.Yuri Matsunaga, +81-(3)-6253-2100Corporate
Communications Div.yuuri.matsunaga@mitsuichemicals.com