Mitsui Chemicals to Launch MILASTOMER™ Production in North America
27 Marzo 2018 - 05:13AM
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).
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20180326006195/en/
New facility site at Advanced Composites,
Inc. (Photo: Business Wire)
Overview of New Production
Facility
1. Product MILASTOMER™ 2. Location Advanced Composites,
Inc., Ohio plant 3. Capacity 1 production line; 6,000 tons/year 4.
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.
1. Established June 1986 2. Capital and Stakes
US$14,100,000Mitsui 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%
3. President Keiji Shite
4. Head Office and Plants
Head Office: OhioPlants: Ohio,
Tennessee
5. Business
Production, sale and research of
polypropylene compoundsContracted production of MILASTOMER™ (to be
added October 2019)
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180326006195/en/
Mitsui Chemicals, Inc.Takashi Kawamoto, +81-3-6253-2100Corporate
Communications Divisiontakashi.kawamoto@mitsuichemicals.com