Mitsubishi Rayon Co., Ltd. (MRC), headquartered at Chiyoda-ku, Tokyo; decided to take over SGL Carbon Fibers LLC (SCF) by acquiring all the shares of the fiber production company from its present parent company SGL Technologies North America. The new company, to be named as Mitsubishi Rayon Carbon Fiber and Composites (MRCFAC), with headquarters in Irvine, California, U.S., will start at the beginning of April 2017. MRC is keen to expand its carbon fibers business in the North American market by acquiring the carbon fiber production base of the German SGL Group.
MRCFAC, the 100% subsidiary company of MRC has developed “high-performance large tow,” a unique carbon fiber that supports high productivity in the molding of large components yet having the physical and quality properties equivalent to regular-tow carbon fibers.
MRC has been developing applications in fields such as the aircraft industry and compressed gas tanks since the launch of operation in its Otake Production Center in July 2011. With the rising demand for large tow especially for application in wind turbine blades, MRC has been enhancing its business operation by establishing a joint venture manufacturing and distributing carbon fiber composite laminates for window turbine blades in October last year. In addition to this, there is also a rise in the demand for various intermediary materials using high-performance large tow in light-weighted materials for automobiles. MRC, therefore, decided to acquire SCF to increase its carbon fiber capacity by 1,000 tons to meet the growing demand for a large tow.
MRC has set its sales target of 100 billion yen by 2020 in its carbon fiber and composite material business and plans to achieve it by leveraging the characteristics of high-performance large tow to capture the growth of the automotive and other industries through collaboration with its intermediary and molding material (CFRP) development and manufacturing bases in Europe, North America, Japan and the rest of Asia.