MOSCOW (MRC) -- Mitsubishi Chemical (MCC), a subsidiary of Mitsubishi Chemical Holdings (MCHC), has purchased all of the assets related to Comtrex's compounding business, said Chemicals-technology.
The acquisition of the Comtrex business is expected to help MCC speed up the expansion of its performance polymers business through its networks across the world.
Having been engaged in the PVC compounding business for more than 30 years, Comtrex started developing a line of vulcanized thermoplastic elastomers (TPV) in 2000 and selling the product in 2002.
MCC said its performance polymers business has been expanding the company's manufacturing and sales of TPV, cross-linked polymers, adhesive polymers and conductive polymers.
In 2005, MCC had established Mitsubishi Chemical Performance Polymers (MCPP), which has been expanding the compounding business with a focus on thermoplastic elastomers and adhesive resins for various applications and industries.
In December 2011, MCPP acquired all the shares of a previous joint venture for PVC compounds and in November 2012, the assets of the Bellevue, Ohio, plant.
Mitsubishi Chemical Performance Polymers is a wholly-owned subsidiary of Mitsubishi Chemical Corporation. It manufactures thermoplastic elastomers. Its products are used in various applications, such as automotive components, industrial, food contact, electric/home electric, PVC compounds, rigid PVC Compounds, halogen-free flame retardant polyolefin compounds, communication, miscellaneous daily goods, industrial goods, medical equipment, food wrapping, and modifier applications.
MRC