MOSCOW (MRC) -- Mitsui Chemicals said it is restructuring its organization as part of the company's effort to accelerate business strategy, new business and product creation strategy, and business support strategy in its 2014 mid-term business plan, said Chemicals-Technology.
As part of the restructuring, the Fine & Performance Chemicals Division and the Licensing Division, both part of functional chemicals, will be transferred to the basic chemicals business sector and petrochemicals business sector, respectively. Mitsui Agro, part of functional chemicals, will be upgraded from a division to a business sector. Functional chemicals will be renamed as the health care business sector.
A new research and development (R&D) center will be established to manage activities of its R&D Strategy Division, Mitsui Chemicals Singapore R&D Centre, synthetic chemicals laboratory, polymeric materials laboratory, new products development laboratory, process technology center, advancing analysis laboratory, and R&D Administration Division.
In addition, Mitsui will create a Fabricated Products Business Coordination Division and a Food & Packaging Business Promotion Division.
As MRC wrote before, Mitsui Chemicals is in plans to shut a naphtha cracker for maintenance turnaround. A Polymerupdate source in Japan informed that the cracker is likely to be taken off-stream on June 19, 2014. It is slated to remain off-stream for around one month. Located in Osaka, Japan, the plant has an ethylene production capacity of 450,000 mt/year.
Mitsui Chemicals,a Japanese chemical company, is a part of the Mitsui conglomerate. The company has a turnover of around 15 billion USD and has business interests in Japan, Europe, China, Southeast Asia and the USA. The company mainly deals in performance materials, petro and basic chemicals and functional polymeric materials.