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,...
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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...
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Mitsui Chemicals Inc. (TYO:4183) has announced that it will acquire the Sunvieo thermoplastic styrene elastomer (TPS) business currently held by Asahi Kasei Corp. (TYO:3407) on Oct. 1. The acquisition price has not been disclosed. With the acquisition, Mitsui Chemicals will be better situated to answer wide-ranging needs in various sectors, such as auto parts and consumer products. Mitsui Chemicals currently...
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Mitsui Chemicals Inc.’s (TYO:4183) business in ethylene propylene diene terpolymer (EPT) operated at full production capacity and completely sold out its inventory for fiscal 2016 on the back of strong demand. The company said that considering market growth rates and the location of its plants, it has focused on Asia rather than Europe and the Americas. Asian markets in which...
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Mitsui Chemicals Inc. (TYO:4183) will expand production capacity for thermoplastic elastomer product Milastomer to 60,000 tons by 2020. This figure represents a 30-percent increase compared to 2017’s volume. Milastomer is a cross-linked olefin-based thermoplastic elastomer, referred to as thermoplastic vulcanite (TPV). The material’s primary ingredients are ethylene propylene (EP) rubber and polypropylene (PP). Compared to other soft resins, Milastomer has...
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Responding to increased global demand, Mitsui Chemicals Inc. (TYO:4183) will increase annual production capacity of its Milastomer thermoplastic elastomer by 5,000 tons. The company will invest almost 1 billion yen ($10 million) in expanding production facilities of its wholly-owned subsidiary Sun Alloys Co. Ltd., adding one production line of 5,000 annual tons. Construction will start in February 2017 and is planned...
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