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| October 2, 2013 |
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Establishment of New Management Structures for Performance
Polymers Business in Europe and China
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| Mitsubishi Chemical Corporation
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Mitsubishi Chemical Corporation (Head office: Chiyoda-ku, Tokyo; President: Hiroaki Ishizuka), a wholly-owned subsidiary of Mitsubishi Chemical Holdings Corporation (Head office: Chiyoda-ku, Tokyo; President: Yoshimitsu Kobayashi) has established Mitsubishi Chemical Performance Polymers Europe B.V. and has started its operation as a regional headquarters for the performance polymers business in Europe.
This company will integrally hold all European performance polymers business including CTS Group companies acquired from Tessenderlo Group on June 18, 2013. Together with the new management structure, all European performance polymers companies have started operation with new corporate names as of October 1, 2013 as listed in the reference below.
Furthermore, Mitsubishi Chemical will strengthen its business in China by renaming APCO (SUZHOU) CO., LTD to Mitsubishi Chemical Performance Polymers (China) Co., Ltd. and will pursue integrated management in China for CTS Automotive Compounds (Changshu) Co., Ltd.
New management structures both in Europe and China are in line with the business strategy of performance polymers, a growth business in the company portfolio, to accelerate integration and expansion of thermoplastic elastomers, cross-linked polymers, adhesive polymers, and PVC compounds for the automobiles, medical care, food, and building industries.
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| For further information, please contact: |
Public Relations and Investor Relations Office
Mitsubishi Chemical Holdings Corporation
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| Tel: [+81] (0)3-6748-7140 |
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| (1) Corporate Profile in Europe |
| Company name： |
Mitsubishi Chemical Performance Polymers Europe B.V. |
| Location： |
Rijswijk, The Netherlands |
| Start of operation： |
October 1, 2013 |
| Representative： |
Motohiro Seki, CEO |
| Capital： |
EUR 7 million
(A wholly-owned subsidiary of Mitsubishi Chemical Corporation) |
| Business description： |
Management decision-making and integrated financing in Europe |
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Wholly-owned Subsidiaries of Mitsubishi Chemical Performance Polymers Europe B.V. |
| 1) Company name |
MCPP France SAS (former Thermoplastiques Cousin Tessier SAS) |
| Location | Tiffauges, France |
| 2) Company name | MCPP Clerval SAS (former CTS MARVYFLO, SAS) |
| Location |
Clerval, France |
| 3) Company name |
MCPP Belgium BVBA (former CTS Hasselt BVBA) |
| Location |
Hasselt, Belgium |
| 4) Company name |
MCPP Poland SP. Z. O. O. (former TCT Polska SP. Z. O. O.) |
| Location |
Sochaczew, Poland |
| 5) Company name |
MCPP Germany GmbH
(formerly the Polymer Department of Mitsubishi Chemical Europe GmbH)
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| Location |
Duesseldorf, Germany |
| (2) Corporate Profile in China |
| Company name： |
Mitsubishi Chemical Performance Polymers (China) Co., Ltd.
(former APCO (SUZHOU) CO., LTD) |
| Location： |
Suzhou, China |
| Established： |
March 2002 |
| Company name change： |
October 1, 2013 |
| Representative： |
Makoto Sasaki, CEO |
| Capital： |
RMB 62 million |
| Business description： |
Development, manufacturing and sales of performance polymers and integral management in China |
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| A Wholly-owned Subsidiary of Mitsubishi Chemical Corporation in China |
| Company name： |
MCPP (Changshu) Co., Ltd* |
| Location： |
Changshu, China |
| * CTS Automotive Compounds (Changshu) Co., Ltd. will start to operate shortly with the new name. |
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