As part of a fundamental company's strategy Mitsui Chemicals, a leading Japanese producer of performance materials, petro and basic chemicals and functional polymeric materials, and Prime Polymer, dedicated Japanese maker of polyethylene (PE) and polypropylene (PP), have intensified an ongoing collaboration by
increasing polypropylene (PP) production in the United States to meet growing demands of the automotive materials sector, reports the company's press release.
The augmentation of polypropylene production will make 14,000 tonnes and is expected both to strengthen the company's position in the expanding North American market and boost Mitsui Chemical's global supply network.
Although the North American automobile industry was negatively impacted by the global economical crisis, the Mitsui Chemicals Group is aiming at strengthening and further production expansion of its already global top class competitive PP for automotive materials on the forecasts of significant economical growth in the future. At present the company produces in eight major world markets (Japan, United States, Mexico, Brazil, Europe, India, Thailand, and China).
Mitsui Chemicals and Prime Polymer will continue to strategically intensify and expand operations through ongoing collaboration and reinforcement of production, sales, and technological support structures necessary in providing state-of-the-art, performance-driven materials.
Mitsui Chemicals is a leading manufacturer and supplier of value added specialty chemicals, plastics and materials for the automotive, healthcare, packaging, agricultural, building, and semiconductor and electronics markets. Mitsui Chemicals is a Japanese Chemicals company, a part of the Mitsui conglomerate. The company has a turnover of around 15 billion USD and has business interests in Japan, Europe, China, Southeast Asia and the USA. The company mainly deals in performance materials, petro and basic chemicals and functional polymeric materials. With the growth of opportunities in India, Mitsui Chemicals has decided to establish its first polypropylene compounding plant in India at 'Japanese Investment park' Neemrana phase III. The unit being set up will be the manufacturing base of Mitsui Chemicals Group in India in which Mitsui Chemicals holds 80% equity and 20% equity is with another subsidiary, Prime Polymer Company of Japan.
Prime Polymer Co., Ltd. was established in April 2005 as part of a comprehensive tie-up with Mitsui Chemicals, Inc. and Idemitsu Kosan Co., Ltd. The company's activity is focused in polyolefins business to produce different grades of polythylene (PE) and polypropylene (PP).