Mitsui Chemicals Holds Groundbreaking Ceremony for New TAFMER™ Plant in Singapore
Mitsui Chemicals, Inc.
Mitsui Chemicals, Inc. (Tokyo: 4183; President & CEO: HASHIMOTO Osamu) today announced that it has held the groundbreaking ceremony for a new plant to produce the high-performance elastomer TAFMER™ at its Singapore-based wholly owned subsidiary Mitsui Elastomers Singapore Pte Ltd (MELS; President; NITTA Toshio). The ceremony was held on 28 July 2023.
|Mr. Toshio Nitta||Managing Director, MELS|
|Mr. Hisashi Shibayama||Managing Director, PCS|
|Ms. Cindy Koh||Director Energy & Chemical Cluster, JTC Corporation (JTC)|
|Mr. Damian Chan||Executive Vice President Planning and Policy, Singapore Economic Development Board (EDB)|
|Mr. Atsushi Komoriya||Managing Executive Officer Business Sector President Mobility Solution Business Sector, MCI|
|Mr. Yasuto Ando||Member of the Board Senior Managing Director Head of Energy Industries Engineering Sector, JFE Engineering Corporation|
|Mr. Yasuhiro Hosomi||Managing Executive Officer Center Executive Production & Technology Center, MCI|
Overview of new project
|Product||TAFMER™ high-performance elastomer|
|Plant site||Jurong Island*, Singapore|
(Capacity of existing facility: 225,000 tons/year)
|Schedule||Scheduled for completion sometime in fiscal 2024|
As part of Mitsui Chemicals’ VISION 2030 Long-Term Business Plan, the Mobility Solutions business aims to help solve social challenges and achieve sustainable business growth by providing unique materials, features and services.
TAFMER™ is used both as a soft molding material and as a resin modifier that dramatically improves resin properties. Its flexibility and lightness have resulted in TAFMER™ being used across a wide range of fields, including solar cell components, packaging materials, engineering plastic modifiers, sports shoes and automotive parts.
Demand for TAFMER™ is set to remain strong as the global economy grows, and is expected to rise further on the back of efforts to achieve a circular economy by stepping up the introduction of clean energy. Via the supply of TAFMER™, which meets these needs, Mitsui Chemicals aims to become a global solutions company that leads change and contributes to the sustainable societies of the future.
Overview of MELS
|Company name||Mitsui Elastomers Singapore Pte Ltd|
|Head office||3 HarbourFront Place, #10-01, HarbourFront Tower 2
Singapore 099254, Singapore
|Established||February 7, 2001|
|Capital||US$ 96.3 million (wholly owned by Mitsui Chemicals, Inc.)|
|Managing director||NITTA Toshio|
|Business||Manufacture and sale of elastomers, primarily TAFMER™|
*Singapore’s energy and chemicals park developed by JTC (https://www.jtc.gov.sg/)