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Mitsubishi Chemical Advanced Materials acquires c-m-p GmbH

January 23/2020

MOSCOW (MRC) -- Mitsubishi Chemical Advanced Materials AG (MCAM), a leading global manufacturer of high-performance materials, announced that it has entered into an agreement for the acquisition of c-m-p GmbH (c-m-p) through its German subsidiary Mitsubishi Chemical Advanced Materials GmbH, said the company.

The transaction is expected to close in early March 2020.

With the addition of c-m-p, both companies can further strengthen their market position in the composites world, as well as developing future composite materials. The acquired entity had been a 50:50 partnership between the original founders of c-m-p GmbH and DowAksa B.V. Through this acquisition, MCAM acquires 100% of the shares of c-m-p.

"Within Mitsubishi Chemical Advanced Materials (MCAM), the acquisition enhances our ability to produce prepreg solutions for customers in Europe, a further step in our mission of metal to plastic conversion which began more than 80 years ago," says Michael Koch, CEO Mitsubishi Chemical Advanced Materials. "MCAM, a fully owned subsidiary of Mitsubishi Chemical Corporation (Tokyo, Japan), identified c-m-p GmbH (c-m-p) as a leader in its areas of expertise and plans to preserve and enlarge c-m-p's unique market identity. Strategic corporate development activities, such as the c-m-p acquisition, contribute to MCAM's ability to grow rapidly and consistently while maintaining quality and innovation."

Following the acquisition, c-m-p can benefit from Mitsubishi Chemical's world-wide network of industry partners, customer relationships and technology developments, while bringing new technologies, specialized skills and market expertise into the group. Through the Mitsubishi Chemical network, new materials and applications will be further developed for the aviation industry, as well as automotive, sports equipment and utility services. With the acquisition of c-m-p, Mitsubishi Chemical will become capable of producing prepreg materials (resin-coated carbon fabric) in Europe, in addition to Mitsubishi Chemical's capabilities in Asia and USA.

As MRC informed earlier, Asahi Kasei Mitsubishi Chemical Ethylene Corp plans to restart ethylene cracker in Mizushima, Japan on 24 January.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,904,410 tonnes in the first eleven months of 2019, up by 6% year on year. Shipments of all PE grades increased. PE shipments increased from both domestic producers and foreign suppliers. The PP consumption in the Russian market was 1,161,830 tonnes in January-November 2019, up by 7% year on year. Deliveries of all grades of propylene polymers increased, with the homopolymer PP segment accounting for the largest increase.

Mitsubishi Chemical Advanced Materials is a leading global manufacturer of high-performance materials in the form of semi-finished products and finished parts. The company has locations in 20 countries and more than 2'800 employees. Its specialty engineering thermoplastics and composites are superior in performance to metals and other materials and are used in a wide range of applications, primarily in the capital goods industry.


mrcplast.com
Author:Anna Larionova
Tags:PP, PE, ethylene, Mitsubishi Chemical.
Category:General News
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