MOSCOW (MRC) -- Mitsubishi Chemical Holdings Corporation (MCHC) has announced the transfer of Life Science Institute Inc’s affiliate, Qualicaps to Mitsubishi Chemical Corporation (MCC), with effect from 1 July, according to Kemicalinfo.
“Through this transfer, MCC will enable Qualicaps to provide higher value-added solutions to the global capsule market by not only strengthening manufacturing technology leveraging mutual resources and accelerating chemical materials development, but also bolstering sales through collaboration among MCC business domains,” the company said in a press release.
Qualicaps is based in Japan and focuses on the production, manufacture and distribution of capsules for pharmaceutical, health and nutrition products, as well as pharmaceutical processing equipment (PPE).
In 2013, Mitsubishi Chemical Holdings bought stake in Qualicaps and made its consolidated subsidiary.
Life Science Institute Inc was established in April 2014. As a group company of Life Science Institute, Qualicaps has contributed to the growth of MCHC Group’s health care domain by offering high-performance hard capsules, as well as the development of and provision of technical services for PPE.
As MRC reported earlier, Asahi Kasei Mitsubishi Chemical Ethylene, a joint venture of Asahi Kasei Corp and Mitsubishi Chemical Corp, restarted operation at its naphtha cracker in Mizushima, Okayama prefecture on 24 January, 2020, after completing planned repair of the unit’s troubled refrigeration system. The naphtha cracker automatically shut down on 14 January after it detected a malfunction in the refrigeration system. Japanese petrochemical firms Asahi Kasei and Mitsubishi Chemical launched the joint venture in April 2016 to operate the naphtha cracker, after integrating their operations in Mizushima. The naphtha cracker has a production capacity of 567,000 tonnes a year without any turnaround and 496,000 tonnes with turnaround, the firm said.
Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 215,390 tonnes in the first month of 2020, up by 23% year on year. Shipments of all grades of high density polyethylene (HDPE) and linear low density polyethylene (LLDPE) increased due to higher capacity utilisation at ZapSibNeftekhim. At the same time, PP shipments to the Russian market were 127,240 tonnes in January 2020, up by 33% year on year. ZapSibNeftekhim's homopolymer PP accounted for the main increase in shipments.
MRC