Prime Polymer, a Japan-based Mitsui Chemicals subsidiary, announced a 21,000 ton expansion of its U.S.-based polypropylene production at its Advanced Composites facility in Sidney, Ohio
, and a 13,000 ton augmentation at Advanced Composites Mexicana.
Company officials said expansion is necessary to meet growing demands of the automotive materials sector. “The planned augmentation will strengthen Mitsui Chemicals’ current top class position in the North American market and thereby make it better able to contribute to global strategies of automobile manufacturers,” says Akio Ayukawa, Managing Executive Officer at Mitsui Chemicals. “In addition, by reinforcing R&D functions at strategic sites, Mitsui Chemicals will strengthen its ability to support diverse local market strategies of automobile manufacturers.”
Mitsui said its Chemicals Group is targeting further production expansion of its already global top class competitive polypropylene for automotive materials, currently manufactured in eight major world markets; Japan, United States, Mexico, Brazil, Europe, India, Thailand, and China.
Although the North American automotive industry was negatively impacted by the Global Financial Crisis, the market has returned to normalcy with forecasts of significant growth in the future, company officials said. Mitsui Chemicals and Prime Polymer will continue to strategically intensify and expand operations through ongoing collaboration and reinforcement of production, sales, and technological support structures necessary in providing state-of-the-art, performance-driven materials.