July 28, 2017 4:04 PM ET

Chemicals

Company Overview of Mitsubishi Plastics, Inc.

Company Overview

Mitsubishi Plastics, Inc. manufactures and sells plastics products in Japan and internationally. The company offers electronics materials, including bi-axial oriented polyester and gas barrier films, electronic functional materials, separators, sheets, heat-shrinkable tubes, and injection molded products for use in solar batteries, liquid crystal displays, and mobile phones; and packaging materials, such as multilayer co-extruded, nylon, gas barrier, heat-shrinkable, stretch, and wrap films, as well as pharmaceutical grade moisture-proof sheeting products used in food, electronics, and medical industries. It also provides industrial materials comprising pitch-based carbon and polycrystalline...

1-1-1, Marunouchi

Chiyoda-ku

Tokyo,  100-8252

Japan

Founded in 1943

Phone:

81 3 6748 7400

Key Executives for Mitsubishi Plastics, Inc.

Chief Executive Officer, President and Representative Member of the Board
Age: 69
General Manager of Finance & Accounting Department and Executive Officer
CEO, President, Director of Mitsubishi Chemical Corp.
Age: 71
CEO, President & Director of Mitsubishi Rayon Co. Ltd.
Age: 74
President of Mitsubishi Plastics Agri Dream Co Ltd
Compensation as of Fiscal Year 2017.

Mitsubishi Plastics, Inc. Key Developments

Continental Structural Plastics Seeks Partners

Continental Structural Plastics Inc. is seeking a strategic global partner to support its further growth. Hanwha Corp. (KOSE:A000880) has expressed interest in buying into Continental Structural Plastics. Reports indicated Hanwha wants to buy all of Continental Structural Plastics. BASF SE (DB:BAS) and Mitsubishi Plastics, Inc. are also reportedly interested in buying Continental Structural Plastics, South Korean reports stated. “The rate of growth associated with next generation programs will require us to upgrade and expand our existing facilities, as well as build or acquire additional facilities around the world to meet customer demand. To support this globalization, we are seeking a strategic global partner that can assist in maximizing our growth opportunities.” reads the Continental Structural Plastics statement. A Continental Structural Plastics spokeswoman confirmed in a statement Continental Structural Plastics is actively seeking investment to support future growth and expansion, but declined to provide details on a potential deal.

Mitsubishi Chemical Holdings Plans To Merge Its Three Chemical Subsidiaries

Mitsubishi Chemical Holdings Corporation (TSE:4188) will announce plans to merge its three wholly owned chemical subsidiaries in April 2017 to allow for more efficient distribution of management resources. An official decision to combine Mitsubishi Chemical Corporation, Mitsubishi Plastics, Inc. and Mitsubishi Rayon Co. Ltd. is expected at a board of directors meeting to be held on December 9, 2015. Plans call for Mitsubishi Rayon to absorb its two sister companies. Details such as the merged entity's name and president will be decided later. The three subsidiaries together generated roughly $24.15 billion in sales in the year ended March 31, 2015.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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