Mitsui Chemicals Inc. (TYO:4183) is set to increase its prices for Mitsui EPT, the company’s brand of ethylene propylene diene monomer (EPDM). The change will apply to all Mitsui EPT products supplied from Dec. 1 onward, with prices rising by at least 40 yen ($0.35) per kilogram. Explaining the decision, Mitsui Chemicals started by noting that market conditions for EPDM...
Mitsui Chemicals Inc. (TYO:4183) and South Korean company SKC Co. Ltd. have decided to dissolve their joint venture agreement for Mitsui Chemicals & SKC Polyurethanes Inc. (MCNS), a subsidiary that combines the two parent companies’ operations in polyurethane raw materials. Following the dissolution, Mitsui Chemicals and SKC will maintain a cooperative relationship to a necessary extent as the two continue...
Mitsui Chemicals Inc. (TYO:4183) has begun working to develop a market for a new heat-sealable film that enables selective high gas permeability. This ability for selective high permeation of a specific gas is what makes this film stand out. Meanwhile, it can form a heat seal at a lower temperature than other resin films. Other films have also allowed high...
Mitsui Chemicals Inc. (TYO:4183) has posted its results for fiscal 2020. The company recorded 1.21 trillion yen ($11.09 billion) in sales revenue for the year, down 10.2 percent year-on-year; 85.14 billion yen in core operating income, up 17.7 percent; and 57.87 billion yen in net income, up 70.4 percent. This marks a new record high for the company’s core operating...
Mitsui Chemicals Inc. (TYO:4183) has received a letter of gratitude from the Ministry of Economy, Trade and Industry (METI), thanking the company for working over the past year to boost its raw material production for medical gowns, masks and so on. With COVID-19 starting to spread widely around the world last spring, there was a shortage of medical gowns. And...
Mitsui Chemicals Inc. (TYO:4183) is set to raise its selling price for Mitsui EPT. The change will apply to all lines of the material, and will affect shipments Dec. 1 onward. Sales in the Japanese market will have their prices increased by 20 yen ($0.19) per kilogram. Meanwhile, sales to overseas customers will see a price increase of $200 per...
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