TOKYO--(BUSINESS WIRE)--Aug 24, 2018--Mitsui Chemicals, Inc. (TOKYO:4183)(President & CEO: Tsutomu Tannowa) today announced that Mitsui Elastomers Singapore Pte Ltd (MELS; Managing Director: Shinya Matsunaga), a wholly owned subsidiary based in Singapore, is set to raise its production capacity for TAFMER™ high-performance elastomers.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180823005185/en/

TAFMER(TM) plant at MELS (Photo: Business Wire)

TAFMER™ holds a world-leading market share as a resin modifier and soft molding material. Both flexible and lightweight, the elastomer series sees use in a wide range of applications, including automotive materials, packaging materials, solar battery encapsulants, engineering plastic modifiers and sports shoe midsoles.

Global economic growth is driving strong demand for TAFMER™, with automotive material applications in particular expected to see further demand growth going forward. This comes as automobile production numbers continue to rise and tightening environmental regulations spur needs for lightweighting.

Mitsui Chemicals has a long track record when it comes to supplying automotive material manufacturers around the world, focusing here on polypropylene (PP) compounds. To keep up its steady supply moving forward, the company plans to remove bottlenecks at existing TAFMER™ production facilities, allowing it to increase production capacity for the elastomer series.

Mitsui Chemicals and MELS are also considering additional increases to supply capacity for TAFMER™ as they look to grow their business here further. Through these plans, Mitsui Chemicals intends to be proactive in maintaining and strengthening its position as holding the top global share in this area.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180823005185/en/

CONTACT: Mitsui Chemicals, Inc.

Takashi Kawamoto, +81-3-6253-2100

Corporate Communications Division

takashi.kawamoto@mitsuichemicals.com

KEYWORD: ASIA PACIFIC SINGAPORE JAPAN

INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY MANUFACTURING AUTOMOTIVE MANUFACTURING CHEMICALS/PLASTICS PACKAGING OTHER MANUFACTURING

SOURCE: Mitsui Chemicals, Inc.

Copyright Business Wire 2018.

PUB: 08/24/2018 12:00 AM/DISC: 08/24/2018 12:01 AM

http://www.businesswire.com/news/home/20180823005185/en