Market Overview

Mitsui Chemicals to Increase Production Capacity for TAFMER™ High-Performance Elastomers


Mitsui Chemicals, Inc. (TYO:4183)(President & CEO: Tsutomu Tannowa)
today announced that Mitsui Elastomers Singapore Pte Ltd (MELS; Managing
Director: Shinya Matsunaga), a wholly owned subsidiary based in
Singapore, is set to raise its production capacity for TAFMER™
high-performance elastomers.

This press release features multimedia. View the full release here:

TAFMER(TM) plant at MELS (Photo: Business Wire)

TAFMER(TM) plant at MELS (Photo: Business Wire)

TAFMER™ holds a world-leading market share as a resin modifier and soft
molding material. Both flexible and lightweight, the elastomer series
sees use in a wide range of applications, including automotive
materials, packaging materials, solar battery encapsulants, engineering
plastic modifiers and sports shoe midsoles.

Global economic growth is driving strong demand for TAFMER™, with
automotive material applications in particular expected to see further
demand growth going forward. This comes as automobile production numbers
continue to rise and tightening environmental regulations spur needs for

Mitsui Chemicals has a long track record when it comes to supplying
automotive material manufacturers around the world, focusing here on
polypropylene (PP) compounds. To keep up its steady supply moving
forward, the company plans to remove bottlenecks at existing TAFMER™
production facilities, allowing it to increase production capacity for
the elastomer series.

Mitsui Chemicals and MELS are also considering additional increases to
supply capacity for TAFMER™ as they look to grow their business here
further. Through these plans, Mitsui Chemicals intends to be proactive
in maintaining and strengthening its position as holding the top global
share in this area.


[Outline of Expanded Production Capacity]

1. Product   TAFMER™ high-performance elastomers
2. Factory location Jurong Island, Singapore
3. Production Capacity

200,000 tons/year (before expansion)
→ 225,000 tons/year
(following expansion)

4. Schedule   Completion in July 2020 (tentative)

[Overview of MELS]

1. Company Name   Mitsui Elastomers Singapore Pte Ltd
2. Head Office 3 HarbourFront Place #10-01 HarbourFront Tower 2 Singapore 099254,
3. Establishment February 2001
4. Capital

US$ 96.3 million
(wholly owned by Mitsui Chemicals)

5. Managing Director Shinya Matsunaga
6. Business   Manufacture and sale of elastomers

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