Mitsui Chemicals to Build New TAFMER™ Plant in Singapore
Mitsui Chemicals, Inc.
Mitsui Chemicals, Inc. (Tokyo: 4183; President & CEO: HASHIMOTO Osamu) today announced plans to bolster capacity at its Singapore-based wholly owned subsidiary MITSUI ELASTOMERS SINGAPORE PTE LTD (MELS; President: NITTA Toshio) by building a new plant to produce the high-performance elastomer TAFMER™.
Overview of new project
|Product||TAFMER™ high-performance elastomer|
|Plant site||Jurong Island, Singapore|
|Capacity||120,000 tons/year |
(Capacity of existing facility: 225,000 tons/year)
|Schedule||Scheduled for completion sometime in fiscal 2024|
As part of its new Long-Term Business Plan, VISION 2030, Mitsui Chemicals aims to help solve social challenges and achieve sustainable business growth by providing unique materials, features and services.
TAFMER™ is used both as a soft molding material and as a resin modifier that dramatically improves resin properties. Its flexibility and lightness have resulted in TAFMER™ being used across a wide range of fields, including solar cell components, packaging materials, engineering plastic modifiers, sports shoes and automotive parts.
Demand for TAFMER™ is strong amid robust global economic growth, and is expected to rise further on the back of efforts to achieve a circular economy and step up the introduction of clean energy. Via the supply of TAFMER™, which meets these needs, Mitsui Chemicals aims to become a global solutions company that leads change and contributes to the sustainable societies of the future.
Overview of MELS
|Company name||MITSUI ELASTOMERS SINGAPORE PTE LTD|
|Head office||3 HarbourFront Place #10-01 HarbourFront Tower 2|
Singapore 099254, Singapore
|Established||February 7, 2001|
|Capital||US$96.3 million (wholly owned by Mitsui Chemicals, Inc.)|
|Managing Director||NITTA Toshio|
|Business||Manufacture and sale of elastomers, primarily TAFMER™|