Japan based, Mitsui chemicals announced in late March to install establish a new capacity for soft resin (known as Milastomer Thermoplastic). The new capacity will have 6,000 tons per annum production capacity and will be established at Ohio site of subsidiary ‘Advanced Composites’.
Product Information: The olefin rubber and olefin resin are key raw materials utilized in the production of Milastomer thermoplastic. With lightweight (due to low density) and better moldability, the resin will be marketed by alternative for vulcanized rubber and vinyl chloride. In application area, this can be utilized in making gaskets, auto-parts, toothbrushes among other usage areas. Within automotive, it can also be utilized for interior covers, airbag covers, weatherstrips.
What to Expect: The new plant installation is expected to begin in January next year with an estimated completion date in June same year. The production from the new plant is slated to start from October 2019. Advanced Composite, a local subsidiary of Mitsui Chemicals shall manage the production, while parent shall market the material in the North American market. Mitsui Chemicals said that the new capacity shall help in catering to growing regional demand.
‘Advanced Composites’ has two operational facilities in Ohio and Tennessee and the parent company owns production capacities in Japan, China, and Europe.
About Mitsui Chemicals:
Mitsui Chemicals is Tokyo, Japan based organization which operated through four business segment: ‘Health Care’ offers nonwoven fabrics along with healthcare and personal materials, ‘Mobility’ offers elastomers and performance materials, ‘Food & Packaging’ offers coating, packaging, industrial, functional and agricultural materials, and ‘Basic Materials’ covers the supply of petrochemicals, industrial chemicals, polymers and licensing.
– Ankur Kalra,