This company will integrally hold all European performance polymers business including CTS Group companies acquired from Tessenderlo Group on June 18, 2013. Together with the new management structure, all European performance polymers companies have started operation with new corporate names as of October 1, 2013.
Furthermore, Mitsubishi Chemical will strengthen its business in China by renaming APCO (SUZHOU) CO., LTD to Mitsubishi Chemical Performance Polymers (China) Co., Ltd. and will pursue integrated management in China for CTS Automotive Compounds (Changshu) Co., Ltd.
New management structures both in Europe and China are in line with the business strategy of performance polymers, a growth business in the company portfolio, to accelerate integration and expansion of thermoplastic elastomers, cross-linked polymers, adhesive polymers, and PVC compounds for the automobiles, medical care, food, and building industries.
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