Mitsui Chemicals Inc. (TYO:4183) recently released its business results for fiscal 2018. The company’s overall sales for the period totaled 1.48 trillion yen ($13.47 billion), up 11.6 percent year-on-year. Operating profit was 93.43 billion yen, down 9.7 percent year-on-year; ordinary profit was 102.97 billion yen, down 6.6 percent; and net profit was 76.12 billion yen, up 6.3 percent. Mitsui Chemicals’...
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Mitsui Chemicals Inc. (TYO:4183) recently announced that it has opened the Design & Solution Center, a new base intended to bring together the Mitsui Chemicals Group’s wide range of development capabilities. These capabilities span from design to analysis, molding, prototyping and evaluation. Located in Sanjo, Niigata Prefecture, the new base has a floor area of 2,700 square meters. An opening...
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Mitsui Chemicals Inc. (TYO:4183) is targeting various applications for Absortomer, a material with unique characteristics that open up potential for use in a wide range of sectors. Developed 10 years ago and named just three years ago, this relatively new product takes its name from a portmanteau of the words “absorb” and “elastomer.” Absortomer is an alpha-olefin copolymer that has...
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Mitsui Chemicals Inc. (TYO:4183) has recently announced that it will step up its market development efforts for a highly heat-resistant metallocene-based grade of ethylene propylene diene monomer (EPDM) rubber in a move to boost sales. The chemical giant’s heat-resistant grade of EPDM rubber is able to withstand temperatures 30 degrees higher than conventional alternatives. Last fiscal year, the company started...
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Mitsui Chemicals Inc. (TYO:4183) has announced that it will set up new production facilities for Milastomer, a thermoplastic olefin (TPO) elastomer, at its U.S. production base Advanced Composites Inc. in Ohio. The move will take an investment of approximately 1.5 billion yen ($14.24 million), and will establish facilities with an annual production capacity of 6,000 tons. Construction is slated to...
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Mitsui Chemicals Inc. (TYO:4183) has announced that it will run the Mitsui Chemicals Material Oriented Laboratory (MOLp) – part of the company’s cross-organizational open-lab activities – for five days from March 7–11. This will take the form of an event the company is calling MOLpCafe, where visitors will be able to experience the appeal of a range of different materials....
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