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MOSCOW (MRC) -- Mitsubishi Chemical
Corporation (MCC) has recently concluded a framework agreement with Konfoong
Materials International Co. and KFMI Group company TCPR (Shanghai)
Electro-Mechanical High-Tech Co. for the transfer of MCC’s light metal products
business, said Chemweek.
KFMI
and TCPR manufacture sputtering target materials for semiconductors and liquid
crystal displays, and rank among the top companies in the world for the
manufacture of aluminum target materials, in particular. KFMI and TCPR plan to
strengthen their businesses by acquiring businesses positioned upstream from
their own operations, and securing a base in Japan. The two companies have a
wealth of expertise in the global high-purity aluminum industry, and are
long-standing purchasers of MCC’s light metal products.
This transfer is
part of the firm’s efforts to enhance portfolio management based on the
Mitsubishi Chemical Holdings Group’s Aptsis 20 medium-term management plan, and
is scheduled for completion in April 2021. In conjunction with the transfer, MCC
is also considering withdrawal from the manufacture and sales of the KN series
products (aluminum alloy for molding applications), which form part of its light
metal products business but are not included in this transfer.
As
MRC informed
earlier, Mitsubishi Chemical, a subsidiary of Mitsubishi Chemical Holdings
Corporation, plans to resume production of methyl methacrylate (MMA) in Otake,
Japan, in early December after scheduled repairs. The company closed this plant
with a capacity of 110,000 tonnes/year of MMA for scheduled repairs in
early September this year.
The main application, consuming approximately
75% MMA, is in the production of polymethyl methacrylate acrylic plastics
(PMMA). Methyl methacrylate is also used to produce methyl
methacrylate-butadiene-styrene copolymer (MBS), used as a modifier for polyvinyl
chloride (PVC).
According to MRC's ScanPlast report,
October total production of unmixed PVC grew to 86,600 tonnes from 86,000 tonnes
a month earlier, SayanskKhimPlast and Bashkir Soda Company increased their
capacity utilisation. Overall output of polymer was 805,100 tonnes in the first
ten months of 2020, which virtually corresponds to the last year"s figure. Two
producers increased their production, whereas two other manufacturers reduced
their output.
Mitsubishi Chemical, a Japanese integrated chemical
company, was established on October 1, 1990 through the merger of Mitsubishi
Kasei and Mitsubishi Petrochemical Co. Due to its wide range of activities, it
is one of the ten leading chemical companies in the world. |
