13 February 2013 09:06 [Source: ICIS news]
TOKYO (ICIS)--Japanese chemical producer Mitsubishi Chemical is setting up a olefin thermoplastic elastomer production plant in Atibaia in the Brazilian state of Sao Paulo, the company said on Wednesday.
Mitsubishi Chemical established a new subsidiary, Mitsubishi Chemical Polimeros de Desempenho, in August 2012, which is currently building a 4,600 tonne/year plant producing olefin thermoplastic elastomer called Thermorun, the producer said.
The plant is expected to begin commercial production in the second quarter of 2014, Mitsubishi Chemical added.
Demand for Thermorun and Modic, polyolefin adhesive resin, is expected to significantly increase in Brazil because of the steady growth of the automotive industry in the country, Mitsubishi Chemical said.
A total of 3.34m cars were produced in Brazil in 2012, which is 70% of the total output in South America, according to the producer.
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