Mitsubishi Chemical Corp. announced on June 21 that it has reached an agreement with Welset Plast Extrusions Pvt. Ltd. of India to acquire the latter’s polyvinyl chloride (PVC) compound business. The business is to be handed over to Mitsubishi Chemical this autumn. With locations both in India and overseas, Welset conducts masterbatch operations – including those for PVC – in...
Mitsubishi Chemical Corp., a developer and manufacturer of performance products and materials, has announced it will set up a regional management company in Singapore to help expand its performance polymer business in the ASEAN region and India. As of April 1, Advanced Plastics Compounds Singapore Pte. Ltd. (APS) – a Singaporean-based consolidated subsidiary of Mitsubishi Chemical – will assume a...
Mitsubishi Chemical Corp. signed a cooperation agreement on Sept. 7 with Air Liquide Engineering & Construction, a subsidiary of French firm Air Liquide SA. Under the agreement, Air Liquide E&C will license Mitsubishi Chemical’s process for manufacturing butadiene from n-butene. The aim is to develop a technology licensing business by packaging together Mitsubishi Chemical’s butene to crude butadiene production technology...
JSR Corp. (TYO:4185), Mitsubishi Chemical Corp. and Ube Industries Ltd. (TYO:4208) have announced delays to the integration of Techno Polymer Co. Ltd.’s and UMG ABS Ltd.’s acrylonitrile butadiene styrene (ABS) resin businesses. Techno Polymer is a wholly-owned subsidiary of JSR, while Ube Industries and Mitsubishi Chemical each hold 50 percent shares in UMG ABS. The parent companies had originally planned...
Chemical maker Mitsubishi Chemical Corp. has developed a new grade of Tefabloc, a thermoplastic copolyester elastomer (TPC). Tefabloc has TPC’s unique high degree of resistance to heat, oil and abrasion while excelling in thermal adhesiveness with hard materials such as polycarbonate and acrylonitrile butadiene styrene (ABS) resin. The product has been widely adopted in the two-color molding field, primarily for...
