Mitsui Chemicals announced a price increase of 25 yen ($0.16) or more per kilogram for its elastomer products — Tafmer, Mitsui EPT, and Lucant — effective from deliveries starting May 1. “In recent years, fixed costs such as repair and labor expenses, along with logistics and auxiliary material costs, have been rising,” the company said. “We have reached a point...
Mitsui Chemicals and Sumitomo Seika have successfully developed the world’s first EBT latex based on Mitsui Chemicals’ EPT (ethylene-propylene rubber) and EBT (ethylene butene diene). In this collaboration, Mitsui Chemicals’ synthetic rubber technology was combined with Sumitomo Seika’s latexification technology. Sample work has already started for market exploration. Mitsui Chemicals expects EBT latex to have a wide range of applications,...
Mitsui Chemicals has started manufacturing and selling chemicals and plastics derived from chemical recycling by mass balance method, using pyrolysis oil made from waste plastic. Decomposed waste plastic oil procured from Fukuyama City-based CFP has been fed into crackers at the Osaka Works of Mitsui Chemicals in Takaishi City since March 13. In the future, the Mitsui Chemicals will market...
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...
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...
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....
