By: ICN Bureau
Last updated : February 17, 2022 9:20 am
The company is promoting portfolio reforms to further increase the added-value of polybutylene terephthalate business and the specialty polycarbonate business
Mitsubishi Chemical Corporation (MCC) will implement business restructuring measures aimed at strengthening MCC’s engineering plastic business, by both transferring half of MCC’s stake in Mitsubishi Engineering-Plastics Corporation (MEP), MCC’s equity-method affiliate, to Mitsubishi Gas Chemical Company, as of April 3, 2023, and acquiring some of MEP’s businesses through absorption-type demerger at the same time.
In line with the management policy "Forging the future," Mitsubishi Chemical Holdings Corporation Group aims to sustainably increase value for all stakeholders under a clear strategy to drive operational excellence and unlock the growth potential of our businesses.
In align with this strategy, MCC is promoting portfolio reforms to further increase the added-value of polybutylene terephthalate business and the specialty polycarbonate business including XANTAR, which will be acquired from MEP through the absorption-type demerger. At the same time, as part of the high performance polymer business, MCC aims to achieve sustainable growth of the specialty engineering plastic business, centering on key polymerization and compounding technologies, along with the other engineering plastic business, represented by DURABIO, MCC’s bio-based engineering plastic.
By leveraging MCC’s extensive global network of overseas bases and generating synergies across a wide range of technologies, we will further accelerate the business expansion in growth areas such as the electronics, mobility, and medical segments, based on our high-value-added strategy. At the same time, MCC will take proactive measures to provide new value to achieve carbon neutrality, including the use of sustainable resources and the development of recycling technologies.