29 February 2016
DETAILS
Mitsui Chemicals & SKC Polyurethanes Inc. (“MCNS”)
celebrated the official launching of its joint venture
bio-polyol manufacturing company in India,
Vithal Castor Polyols Pvt. Ltd. (“VCP”),
with an opening ceremony on February 25th.
VCP was established as a joint venture of
(Tokyo:4183; President & CEO: Tsutomu Tannowa),
* Itoh Oil Chemical Co., Ltd.
(President: Masatsugu Akita), and
* India's Jayant Agro-Organics Ltd.
The company aims to manufacture and sell
bio-polyol
using Indian castor oil from non-edible plants
as a main raw material.
80% of the world’s castor oil is produced in India.
VCP’s manufacturing plant in India, which commenced
commercial operations this January,
will allow the company to
stably supply overwhelmingly cost competitive bio-polyol.
It should be noted that as Mitsui Chemicals
integrated its polyurethane business with
Korean SKC Co., Ltd.
(CEO: Wan Jae Lee) to form
MCNS,
Mitsui Chemicals investment now falls under MCNS.
MCNS manufactures and sells
urethane materials for wide applications
including refrigerator insulation materials.
In the automotive field, not only is
MCNS the largest supplier of polyurethane materials
for interior use to Japanese and Korean makers,
it is the only manufacturer in the world
to commercially supply
bio-polyols derived from non-edible plants.
With the commencement of commercial operations at VCP,
it will now be possible to supply
bio-polyol
at costs competitive to fossil fuel-derived polyol.
MCNS aims to expand sales in automotive applications
by capitalizing on its strong system house＊ network
comprised of nine Asian sites, including
those in Japan and South Korea, and
three sites in the Americas and Europe.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
