mitsui chemicals

Mitsui Chemicals Posts 9M Results

Mitsui Chemicals results for the first nine months (April-December) of the fiscal year ending March 2024 showed revenue of 1,274.53 billion yen ($8.54 billion), down 10.8% year-on-year; core operating profit of 72.38 billion yen, down 34.4%; and net income of 37.26 billion yen, down 42.6%. Among segments, Mobility posted sales revenue of 398.36 billion yen, up 1.9%, and core operating...

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Mitsui Chemicals Uses IBM’s AI to Achieve Higher Accuracy and Speed to Find New Applications

Mitsui Chemicals and IBM Japan have achieved higher accuracy and speed in the search for new applications of Mitsui Chemicals’ products by combining Microsoft Azure OpenAI’s GPT (Generative Pre-trained Transformer), a type of generative AI, and the IBM Watson AI. Specifically, the number of dictionaries created specific to Mitsui Chemicals increased approximately 10-fold, the efficiency of extracting new uses was...

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Mitsui Chemicals Doubles Production of Takelac PUD for Food Wrappers

Mitsui Chemicals will increase the production capacity of Takelac PUD polyurethane dispersion to meet the growing demand for mono-material food wrapping materials due to the increasing need for environmental friendliness. Specifically, Mitsui Chemicals MC, a wholly owned subsidiary of Mitsui Chemicals, will add PUD production facilities to its Shimizu Plant. This is expected to approximately double Japanese domestic production capacity....

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Mitsui Chemicals Breaks Ground for New Elastomer Plant in Singapore

Mitsui Chemicals has broken ground for a new Tafmer high-performance elastomer plant at Mitsui Elastomers Singapore, its wholly owned subsidiary in Singapore. The new plant will be located on Jurong Island, Singapore, with an annual production capacity of 120,000 tons (existing facility capacity: 225,000 tons per year), and is scheduled for completion during fiscal 2024. In its long-term management plan...

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Mitsui Chemicals Honored at 22nd Green Sustainability Chemistry Awards

Mitsui Chemicals received the Minister of Economy, Trade and Industry Award at the 22nd Green Sustainable Chemistry Award (GSC Award) of the Japan Association for Chemical Innovation (JACI) for its “Practical Application of Polyurethanes Using Bio-based C5 Isocyanates and Their Derivatives”. The GSC Award recognizes outstanding achievements that contribute to the promotion of green and sustainable chemistry, and the “Minister...

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Mitsui Chemicals and CrowdChem Use AI to Search for New Materials

Mitsui Chemicals and CrowdChem have jointly developed a technology that can consistently perform everything from the extraction of technological information that will be useful in the future to the search for new materials, utilizing AI technology. This will make it possible to improve the efficiency of new material search using natural language processing. Furthermore, by combining past achievements with generative...

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