Mitsubishi Chemical Corporation, headquartered at Chiyoda-ku, Tokyo; headed by Masayuki Waga, president, has planned to construct its subsidiary Ryoka Performance Polymers (Chengdu) Co., Ltd. for production of performance polymers in Chengdu, Sichuan Province, China. The construction of the new facility, scheduled to start in 2018 is expected to be completed in spring 2019 to start production of PVC slush powder, which is suitable for automotive interior panel skins and other parts.
Currently, MCC produces PVC compounds including PVC slush powder, thermoplastic elastomer, and adhesive polyolefin, at its two production sites in Suzhou and Changshu, located in Jiangsu Province in coastal China, which are used in various applications such as automobiles, electric wires and cables, and construction materials. The automotive market of performance polymers in China has been growing steadily and is expected to have high future growth in demand for PVC compounds including PVC slush powder, which have excellent design capabilities and texture, for use in automotive interiors.
MCC is keen to meet the growing demand by constructing a new performance polymer production facility through a newly-established subsidiary in Chengdu, in west-central China. The new facility is located in a cluster of automotive parts production sites. In addition to this the company is planning to produce items for the food, medical care, and optical fields, which are expected to witness significant growth in the future similar to performance polymers.
MCC will further expand its performance polymers business through diversifying its application portfolio and accelerating business development in growth markets.