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| November 27, 1996 |
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| New Facility Expansion for CD-R and Other Products |
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| Mitsubishi Chemical Corporation |
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Mitsubishi Chemical Corporation (Head Office: Chiyoda-ku, Tokyo, President: Akira
Miura)has decided to expand its CD-R and CD-RW production facilities in Singapore,
and to builda new CD-R production facility in Ireland. This expansion will increase
Mitsubishi Chemical's production facilities to 14 lines for CD-Rs, with a monthly
capacity of 4.2 million, and 4 lines for CD-RWs, with a monthly capacity of 700
thousand.
| 1. Singapore (see attached sheet 1 for details) |
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Mitsubishi Chemical Infonics, a 100% subsidiary, will expand
facilities as described below (Parent company name: Mitsubishi Chemical Singapore):
1) CD-R
Current production capacity is 1.8 million on 6 lines, including facilities now
under construction. This project will add 4 new lines, increasing monthly production
capacity by 1.2 million, bringing monthly plant capacity to 3.0 million on 10
lines. Construction costs are projected to be 21.1 million singapore dollars (Approx.
1.65 billion yen), with production scheduled to begin in mid 1997.
2) CD-RW
Production facilities are currently under construction, with operation scheduled
to begin in early 1997 on one line with a monthly production capacity of 100 thous
and. This project will add 3 more lines to the facility, increasing monthly production
capacity by 600 thousand. Construction costs are budgeted at 22.2 million Singapore
dollars (Approx. 1.74 billion yen), with production slated to begin at the end
of 1997. The prototype facilities (Monthly production: 10,000) at the Mizushima
Plant will be used for production, with marketing scheduled for December, 1996.
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| 2. Ireland (see attached sheet 2 for details) |
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Mitsubishi Chemical Corporation will establish a 100% subsidiary
(100% subsidiary of Mitsubishi Chemical America, 100% subsidiary of Mitsubishi
Chemical) on the site of the Verbatim plant in Limerick, Ireland. This new company
will build 4 new lines to produce CD-Rs (Monthly capacity: 1.2 million). The projected
investment is 11.4 million Ireland pounds (Approx. 1.92 billion yen), with production
scheduled to begin in October 1997. |
 Notes:
CD-R: Abbreviation of CD-Recordable.
This is a compact disk on which information can be written once. After the CD
has been written on, it can be read from a standard CD-ROM drive in the same way
as a standard CD-ROM. CD-Rs are used to produce masters for CD-ROM title production,
for the production of prototypes, and the storage of documents.
CD-RW: Abbreviation of CD-ReWritable.
This type of CD can be rewritten approximately 1,000 times. Since the reflectance
ratiodiffers from standard CDs, they cannot be read on current CD-ROM drives.
However, since a minor change in specifications will enable CD-RWs to be read,
it is predicted that it will be possible to read CD-RWs on CD-ROM drives marketed
in the near future. CD-ROMs can be read on CD-RW drives, and CD-Rs can be written
to and read. In addition to being used for the mastering of CD-ROM title production
as for CD-Rs, CD-RWs are expected to become a popular storage media among individual
computer users.
| For further information, please contact |
| Mitsubishi Chemical Corporation, |
| Public Relations Dept., |
| Tel: [+81] 3-3283-6274 |
<Attached Sheet 1>
Outline of Facility Expansion in Singapore
1. Outline of Company
| 1) Company Name |
Mitsubishi Chemical Infonics Pte Ltd. |
| 2) Location |
Singapore |
| 3) President |
Haruhiko Ikeuchi |
| 4) Capital |
61.2 million Singapore dollars (Approx. 4.77 billion
yen) |
| 5) Establishment |
Dec. 1995 |
| 6) Equity Share |
Mitsubishi Chemical Singapore 100% |
| 7) Business Lines |
Production and sales of hard disks, CD-Rs
and CD-RWs. |
| 8) Employees |
Approx. 150 |
| 9) Current Production Capacity (including facilities
under construction) |
| CD-R: |
6 lines, with a monthly capacity of 1.8 million
(of which 4 lines with a monthly capacity of 1.2 million are to start production
around Feb. 1997) |
| CD-RW: |
1 line, with a monthly capacity of 100,000
(scheduled to start production in Spring 1997) |
| HD: |
1 million/month
(of which facilities for production of 600 thousand/month are scheduled to start
operation in Spring 1997) |
2. Outline of Facility Expansion
| 1) CD-R |
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| a)
Details |
4 lines, increasing monthly production capacity
by 1.2 million |
| b)
Construction Cost |
21.1 million Singapore dollars (Approx. 1.65 billion
yen) |
| c)
Start of Operation |
Mid 1997 |
| 2) CD-RW |
| a)
Details |
3 lines, increasing monthly production capacity
by 600 thousand
(for a total capacity of 700 thousand/month) |
| b)
Construction Cost |
22.2 million Singapore dollars
(Approx. 1.74 billion yen) |
| c)
Start of Operation |
End 1997 |
<Attached Sheet 2>
Outline of New Facility in Ireland
1. Outline of Company
| 1) Company Name |
MC Infonics Ireland Ltd. |
| 2) Location |
Limerick, Ireland |
| 3) President |
Not determined |
| 4) Capital |
640 million yen |
| 5) Establishment |
Dec. 1996 (scheduled) |
| 6) Equity Share |
Mitsubishi Chemical 100% |
| 7) Business Lines |
Production of CD-Rs and other optical disks. |
| 8) Employees |
Approx. 90 |
2. Outline of New Facility
| 1) Details |
CD-R production facilities
(4 lines, with a monthly production capacity of 1.2 million disks) |
| 2) Construction Cost |
11.4 million Ireland pounds (Approx. 1.92 billion
yen) |
| 3) Start of Operation |
October 1997 |
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