By: ICN Bureau
Last updated : February 25, 2021 7:55 am
MCC’s MMA operations have 11 monomer plants and 6 polymer (acrylic resin) plants in growth markets around the world.
Mitsubishi Chemical Corporation (MCC) has decided to consolidate relevant headquarter functions in Singapore and rename major subsidiaries as Mitsubishi Chemical Methacrylates in order to unify Methyl Methacrylate (MMA) operations currently dispersed across MCC, Lucite International, and various regional operations, effective April 1, 2021. The move is aimed at strengthening its global MMA operations.
With effect from the same date, Mitsubishi Chemical Methacrylates Japan Co., Ltd. will be established to strengthen MMA operations in the Japanese domestic market.
MCC’s MMA operations have 11 monomer plants and 6 polymer (acrylic resin) plants in growth markets around the world and strive to optimize global product supply network by utilizing digital technologies that connect regional production, costs, and supply and demand.
To date, headquarter functions have been carried out in Japan and the UK, but going forward, these functions including global supply chain management will be consolidated at Mitsubishi Chemical Methacrylates Singapore to achieve a stronger MMA operations management base that enables centralized and speedy decision-making, and the appointment and advancement of a diverse workforce.
MMA is a raw material for acrylic resins used in applications including automotive lamp covers, signs, aquarium tanks, paints, and construction materials. Global MMA demand exceeds three million metric tons, and is projected to rise in line with countries’ GDP. The market for acrylic resin sheets to prevent droplet infection has recently increased around the world.