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October 04, 2015 10:24 PM ET


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


Tokyo,  100-8252


Founded in 1943


81 3 6748 7400

Key Executives for Mitsubishi Plastics, Inc.

Chief Executive Officer, President and Representative Member of the Board
Age: 67
General Manager of Finance & Accounting Department and Executive Officer
Chief Executive Officer of Mitsubishi Chemical Corp., President of Mitsubishi Chemical Corp. and Director of Mitsubishi Chemical Corp.
Age: 69
Chief Executive Officer of Mitsubishi Rayon Co. Ltd., President of Mitsubishi Rayon Co. Ltd. and Director of Mitsubishi Rayon Co. Ltd.
Age: 72
President of Mitsubishi Plastics Agri Dream Co Ltd
Compensation as of Fiscal Year 2015.

Mitsubishi Plastics, Inc. Key Developments

Mitsubishi Chemical Looks To Merge Three Chemical Units

Mitsubishi Chemical Holdings Corporation (TSE:4188) is planning to integrate Mitsubishi Rayon Co. Ltd., Mitsubishi Plastics, Inc. and Mitsubishi Chemical Corporation into one company. Mitsubishi Chemical Holdings Corporation intends to commence a detailed feasibility study in this regard soon, with plans to complete it by the end of March 2016. The proposed integration will provide the businesses with access to various resources, technology platforms, and sales channels to accelerate the growth and globalization of their operations.

Mitsubishi Plastics, Inc. Reports Earnings Results for Six Months Ended September 30, 2014

Mitsubishi Plastics, Inc. reported earnings results for six months ended September 30, 2014. For the period, the company’s net sales were ¥221.1 billion against ¥208.4 billion a year ago. Operating income was ¥13.3 billion against ¥11.3 billion a year ago.

Mitsubishi Plastics to Build Polyolefin-Based Film Unit in Indonesia

Mitsubishi Plastics plans to build a new plant producing 240m sqm/year of polyolefin-based film in Merak, Indonesia due to expected increase in demand. The plant, Mitsubishi Plastics first-ever production facility of the film in Indonesia, will be built at the production site of MC PET Film Indonesia, the company's subsidiary. Commercial operation is expected to start in the first half of 2015. Mitsubishi Plastics plans to invest JPY 1.5 billion for the plant, it added. The film, called KTF, which permeates moisture but blocks water, is mainly used as back sheets for hygienic materials such as paper diapers. Mitsubishi Plastics is considering further capacity expansions of the film because demand is expected to skyrocket in Asia.

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