January 31, 2015 2:16 PM ET

Chemicals

Company Overview of Mitsubishi Plastics, Inc.

Company Overview

Mitsubishi Plastics, Inc. manufactures and sells plastics products in Japan. The company offers electronics materials used in solar batteries, liquid crystal displays, and mobile phones; packaging materials for use in food, electronics, and medical industries; industrial materials that are used in carbon fiber, alumina fiber, and engineering plastic products; and logistics materials for use in plastic containers and trolleys. It also provides civil engineering materials for use in infrastructure construction; building materials for houses, offices, and commercial facilities; building equipment for use in water tanks, cooling towers, etc.; agricultural materials for use in greenhouse plant pr...

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
Age: 66
General Manager of Finance & Accounting Department and Executive Officer
Chief Executive Officer of Mitsubishi Chemical Corp.
Age: 68
Chief Executive Officer of Mitsubishi Rayon Co. Ltd.
Age: 71
President of Mitsubishi Plastics Agri Dream Co Ltd
Compensation as of Fiscal Year 2014.

Mitsubishi Plastics, Inc. Key Developments

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.

Mitsubishi Plastics to Build JPY 2 Billion Production Line in Wuxi, China

Mitsubishi Plastics plans to build JPY 2 billion ($19 million) production line for the coating of polyester films at Wuxi in China's Jiangsu province. The facility is expected to come on stream in April 2015, the company said in a statement, without disclosing capacity details. The company has set up a new company called Mitsubishi Plastics Converting Film Wuxi Co (MPFW) for the project. The new plant is expected to cater to growing demand for liquid crystal display (LCD) television in China.

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