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...
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...
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...
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....
Mitsui Chemicals Inc. (TYO:4183) has posted record-high net, ordinary and operating profit figures for the combined first three quarters of fiscal 2017 (April–December). Sales for the period totaled 959.83 billion yen ($8.78 billion), up 10.3 percent from the same period in the previous year. Operating profit was 75.74 billion yen, up 5.7 percent year-on-year; ordinary profit was 78.85 billion yen,...
Mitsui Chemicals Inc. (TYO:4183) President and CEO Tsutomu Tannowa recently announced that the company set new record-high operating, ordinary and net profits in the first half (April–September) of the fiscal year ending March 31, 2018. Over the period, the company generated 620.9 billion yen ($5.49 billion) in sales, 48.2 billion yen in operating profit, 49.9 billion yen in ordinary profit...
