31 May 2011 09:57 [Source: ICIS news]
TOKYO (ICIS)--Japan’s Mitsubishi Chemical plans to increase its capacities of olefin-based thermoplastic elastomers and adhesive resins to respond to growing demand in China and North America, the company said on Tuesday.
The producer will build a 4,500 tonne/year plant producing both thermoplastic elastomers and adhesive resins at Suzhou in China, Mitsubishi Chemical said in a statement. It is expected to be completed in May 2012, according to the company.
Mitsubishi Chemical plans to add a 1,800 tonne/year olefin-based thermoplastic elastomers and adhesive resins facility at its existing production site at South Carolina in the US to increase its current capacity to 11,000 tonnes/year, the producer said.
The US expansion is scheduled to be completed in November 2011, according to Mitsubishi Chemical.
After the completion of the new facility in China, Mitsubishi Chemical will be able to produce and sell olefin-based thermoplastic elastomers and adhesive resins in Japan, Europe, North America and China, the company said.
Olefin-based thermoplastic elastomers are primarily used for automotive parts, such as air bag covers, while adhesive resins are used for automotive parts and food packaging, according to Mitsubishi Chemical.
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