Mitsui Chemicals plans new production site for TAFMER high-performance elastomer, supporting end markets including packaging, solar cells, automotive parts; site in Singapore is scheduled for completion in fiscal 2024 with 120,000 tons/year of capacity

TOKYO , August 31, 2022 (press release) –

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

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

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