Mitsui Chemicals Expands Automotive Use Polypropylene Production in the U.S. and Mexico

  Mitsui Chemicals Expands Automotive Use Polypropylene Production in the U.S.
  and Mexico

Business Wire

TOKYO -- November 7, 2013

Mitsui Chemicals (TOKYO:4183) (President & CEO: Toshikazu Tanaka) and Prime
Polymer, a Mitsui Chemicals subsidiary, announced a 21,000 ton augmentation of
polypropylene production in the United States (Advanced Composites) and a
13,000 ton augmentation in Mexico (Advanced Composites Mexicana) to meet
growing demands of the automotive materials sector.

Advanced Composites (Mitsui Chemicals subsidiary), Ohio, USA (Photo: Business
Wire)

Advanced Composites (Mitsui Chemicals subsidiary), Ohio, USA (Photo: Business
Wire)

The Mitsui Chemicals Group targets strengthening and further production
expansion of its already global top class competitive polypropylene for
automotive materials, currently manufactured in eight major world markets
(Japan, United States, Mexico, Brazil, Europe, India, Thailand, and China).

Although the North American automotive industry was negatively impacted by the
Global Financial Crisis, the market has returned to normalcy with forecasts of
significant growth in the future.

“The planned augmentation will strengthen Mitsui Chemicals’ current top class
position in the North American market and thereby make it better able to
contribute to global strategies of automobile manufacturers,” says Akio
Ayukawa, Managing Executive Officer at Mitsui Chemicals. “In addition, by
reinforcing R&D functions at strategic sites, Mitsui Chemicals will strengthen
its ability to support diverse local market strategies of automobile
manufacturers.”

Mitsui Chemicals and Prime Polymer will continue to strategically intensify
and expand operations through ongoing collaboration and reinforcement of
production, sales, and technological support structures necessary in providing
state-of-the-art, performance-driven materials.

                                                            
The Mitsui Chemicals Group’s Production Capacities in the U.S. and in Mexico
                              Production Capacity(thousands of ton/y)
Region    Name                          Increase                  Post-
                              Current   (previously   Increase    Augmentation
                                        announced)
          Advanced                      14            21
USA       Composites Inc.     254                                 289
                                        (3Q/2013)     (4Q/2014)
          Advanced                      25            13
Mexico   Composites         45                               83
          Mexicana S.A.de               (3Q/2013)     (4Q/2014)
          C.V
                                                                  

About Mitsui Chemicals

Mitsui Chemicals (TOKYO:4183) (ISIN:JP3888300005) contributes broadly to
society by providing high-quality products and services to customers through
innovations and creation of materials and products while keeping in harmony
with the global environment. Mitsui Chemicals’ business portfolio includes
healthcare, automotive materials, food packaging, energy, agrochemicals, and
others.

The Mitsui Chemicals Group traces its origins back to 1912. The Group now has
over 135 companies and around 14,000 employees in 27 countries worldwide. In
the fiscal year ending March 2013, the Group posted consolidated sales of US$
14,952 million.

More information can be found at http://www.mitsuichem.com/index.htm

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Contact:

Mitsui Chemicals
Yuri Matsunaga, +81-3-6253-2100
Corporate Communications Division
Yuuri.Matsunaga@mitsui-chem.co.jp
 
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