Mitsui Chemicals, Inc. (Tokyo: 4183; President & CEO: HASHIMOTO Osamu) today announced that it has held the groundbreaking ceremony for a new plant to produce the high-performance elastomer TAFMER™ at its Singapore-based wholly owned subsidiary Mitsui Elastomers Singapore Pte Ltd (MELS; President; NITTA Toshio). The ceremony was held on 28 July 2023.
Overview of new project
| Product | TAFMER™ high-performance elastomer |
|---|---|
| Plant site | Jurong Island*, Singapore |
| Capacity | 120,000 tons/year (Capacity of existing facility: 225,000 tons/year) |
| Schedule | Scheduled for completion sometime in fiscal 2024 |
As part of Mitsui Chemicals’ VISION 2030 Long-Term Business Plan, the Mobility Solutions business aims to help solve social challenges and achieve sustainable business growth by providing unique materials, features and services.
TAFMER™ is used both as a soft molding material and as a resin modifier that dramatically improves resin properties. Its flexibility and lightness have resulted in TAFMER™ being used across a wide range of fields, including solar cell components, packaging materials, engineering plastic modifiers, sports shoes and automotive parts.
Demand for TAFMER™ is set to remain strong as the global economy grows, and is expected to rise further on the back of efforts to achieve a circular economy by stepping up the introduction of clean energy. Via the supply of TAFMER™, which meets these needs, Mitsui Chemicals aims to become a global solutions company that leads change and contributes to the sustainable societies of the future.
Overview of MELS
| Company name | Mitsui Elastomers Singapore Pte Ltd |
|---|---|
| Head office | 3 HarbourFront Place, #10-01, HarbourFront Tower 2 Singapore 099254, Singapore |
| Established | February 7, 2001 |
| Capital | US$ 96.3 million (wholly owned by Mitsui Chemicals, Inc.) |
| Managing director | NITTA Toshio |
| Business | Manufacture and sale of elastomers, primarily TAFMER™ |
Source: Mitsui
