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| August 20, 2012 |
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Mitsubishi Chemical Purchases Polyvinyl Chloride Compound Plant
in North America |
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| Mitsubishi Chemical Corporation |
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Mitsubishi Chemical Corporation (MCC; Head office: Chiyoda-ku, Tokyo; President: Hiroaki Ishizuka) today announced that its wholly-owned subsidiary, Mitsubishi Chemical Performance Polymers, Inc. (MCPP) intends to purchase a polyvinyl chloride compound plant in Bellevue, Ohio (USA) from A. Schulman, Inc. (ASI; Head office: Akron, Ohio; President: Joseph M. Gingo) in a move to expand MCC's presence in North America's polyvinyl chloride compound market.
Polyvinyl chloride compounds are used in a wide range of products, including interior and exterior components for automobiles and insulation for electric wiring. MCC forecasts continuing strong demand for these products in North America and positions the region as a key market. At the end of December 2011, MCC and ASI dissolved and liquidated their North American polyvinyl chloride compound joint venture, and transferred the business to MCPP. Since then, MCPP has entrusted the production of polyvinyl chloride compounds to ASI's Bellevue plant.
MCPP plans to purchase the Bellevue plant in order to enhance competitiveness in the polyvinyl chloride compound field and meet increasing demand in the North American market. MCPP plans to capitalize on this strategic acquisition by entering into a variety of markets beyond automotive components, as well as by expanding its existing business in thermoplastic elastomers for automotive injection and extrusion applications. The purchase includes ASI's manufacturing equipment and facilities in Bellevue and should be completed by the end of November 2012.
| For further information, please contact |
Public Relations Department
Mitsubishi Chemical Corporation |
| Tel: [+81] (0)3-6748-7140 |
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(1) |
A. Schulman, Inc.
| Establishment: |
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1928 |
| Location: |
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3550 West Market Street, Akron, Ohio 44333, USA |
| President: |
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Joseph M. Gingo |
| Capital: |
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1.3 billion US$ |
| Net sales: |
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2.2 billion US$ (September 2010 - August 2011) |
| Line of business: |
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Plastic compounds, Additives for plastics |
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(2) |
Mitsubishi Chemical Performance Polymers, Inc.
| Establishment: |
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July 2005 |
| Location: |
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2001 Hood Road, Greer, SC 29650, USA |
| President: |
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Mike Gragtmans |
| Shareholder: |
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Mitsubishi Chemical Corporation |
| Line of business: |
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Thermoplastic compounds, Polyvinyl chloride compounds |
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