9 July 2014
ABOUT MITSUBISHI CHEMICAL CORPORATION
DETAILS
Mitsubishi Chemical Corporation
(MCC; Head office: Chiyoda-ku, Tokyo;
President: Hiroaki Ishizuka)
today announced that
its performance polymers subsidiary in Thailand,
Sunprene (Thailand) Co., Ltd.,
will change its name to
Mitsubishi Chemical Performance Polymers (Thailand) Co., Ltd.,
effective August 1.
The company had used SUNPRENET,
the brand of its polyvinyl chloride (PVC) compound,
as its company name, and manufactured and
supplied polymer compounds for
automobile interior and exterior components and
building materials.
Now, with its new name and expanded product portfolio
in addition to PVC compounds,
it will more clearly be
under the Mitsubishi Chemical umbrella,
which aims to enhance its brand image within Thailand,
and to identify it as an MCC performance polymers business.
In addition, Southeast Asia's demand for
performance polymers is expected to increase,
especially for automotive and construction use.
To meet this increase in demand,
the company will expand its performance polymer production capacity
at the Amata Nakorn plant in a suburb of Bangkok
by building a new production facility for
thermoplastic elastomers*.
*Thermoplastic elastomers are materials that
have the characteristics of both rubber and plastic.
They are used in automobile interior components,
pen grips, and other products.
The new production facility is scheduled to go on line
in the second quarter of fiscal 2015.
MCC has moved ahead aggressively with
mergers and acquisitions in the performance polymers business,
expanding into Europe, North America, and other world markets.
Among its performance polymer business network of
18 bases in 13 countries,
Mitsubishi Chemical Performance Polymers (Thailand)
is the fifth company to operate under
the Mitsubishi name, following companies
in the U.S., Brazil, the Netherlands, and China.
MCC will further accelerate its global business efforts
by positioning the Thai company
as the major manufacturing center in Southeast Asia.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
