30 May 2018
DETAILS
owned 65 percent by Mitsui Chemicals
and 35 percent by Idemitsu Kosan Co., Ltd.
announced today that the Group will establish
Mitsui Prime Advanced Composites Europe B.V.
in the Netherlands, together with
Mitsui & Co., Ltd..
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.
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.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
