Posted in | News | Plastics and Polymers | Petrochemicals | Automotive Materials

Mitsui Chemicals to Augment Polypropylene Automotive Materials Capacity in North America, Thailand and China

Jun 6 2006

Mitsui Chemicals and Prime Polymer Co., Ltd. have decided to augment annual polypropylene production capacity in North America, Thailand and China by 27%, for a combined annual total of 63,000 tons. This move is being taken to ensure MCI can respond to growing demand for polypropylene-based automotive materials in the North American and Asian regions.

The Mitsui Chemicals Group views the polypropylene-based automotive materials business, chiefly overseen by subsidiary Prime Polymer, as one of the core businesses of its Petrochemicals Business Group.

The annual growth rate in worldwide automobile production is currently around a few percents. By fiscal 2007, the number of vehicles produced by Japanese automakers is expected to grow around 10% annually as these firms begin to accelerate their global business development.

http://www.mitsui-chem.co.jp

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