Home / Knowledge / News / Textiles / Mitsubishi to withdraw from caprolactam biz in course of restructuring
Mitsubishi to withdraw from caprolactam biz in course of restructuring
29
May '09
Mitsubishi Chemical Corporation (MCC) announced that MCC has decided to withdraw from caprolactam and styrene monomer businesses in the course of restructuring petrochemicals businesses. MCC will further strengthen competitiveness in petrochemicals businesses by focusing on core businesses. As for the details, please refer below the attached sheet.

The petrochemicals business environment is expected to be increasingly severe, since an intensifying competition against products with inexpensive raw materials manufactured in the Middle East is anticipated in Japan and overseas, and domestic demands in petrochemicals products are decreasing.

Due to the above-mentioned business environment, MCC has recognized that both businesses would not provide long-term value and has decided to withdraw from both businesses: caprolactam - the raw material of nylon6 used for engineering plastic and fiber; and styrene monomer - the raw material of polystyrene resin, ABS resin, EPS and synthetic rubber, although we have implemented various measures to rebuild these businesses until now.

As announced with Royal DSM N.V., MCC has started to examine transferring its nylon business to Royal DSM N.V. and being transferred the polycarbonate business of Royal DSM N.V. developed worldwide, particularly in Europe, in order to enhance our polycarbonate business.

MCC will further pursue strengthening its business infrastructure in petrochemicals businesses by focusing on core businesses.

• Caprolactam business
Production facility to be shut down
1) Caprolactam and cyclohexanone production facilities at Kurosaki Plant
Location: Kitakyushu-shi, Fukuoka
General Manager of Kurosaki Plant: Tatsuo Suzuki

2) Cyclohexanone production facility at Mizushima Plant Location: Kurashiki-shi, Okayama
General Manager of Mizushima Plant: Yasuhide Ishikawa

Production facility to be shut down
Scheduled for March 2010

Business overview
Net sales: ¥14 billion (FY2008)
Production capacity: Cyclohexan: 120 kta
Cyclohexanone: 110 kta
Caprolactam: 60 kta

Produce cyclohexanone with cyclohexan as the raw material; caprolactam with cyclohexanone as the raw material; nylon with caprolactam as the raw material.

• Styrene monomer business
Production facility to be shut down
Styrene monomer production facility at Kashima Plant Location: Kamisu-shi, Ibaraki
General Manager of Kashima Plant: Yasuhiro Kajiwara

Production facility to be shut down
Scheduled for March 2011

Business overview
Net sales: ¥47 billion (FY2008)
Production capacity: 371 kta

Mitsubishi Chemical Corporation

Must ReadView All

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search