Plant Expansions: Mitsubishi Chemical plans TPE facility in India

Plant Expansions- Mitsubishi Chemical plans TPE facility in India-PRA

Mitsubishi Chemical Corporation (MCC) says that it has completed its acquisition of the PVC compound business of Welset Plast Extrusions Private Limited in India and plans to construct a new facility to manufacture thermoplastic elastomers (TPEs) for automotive interior components and other products at MCPP India. Production is scheduled to begin by the end of fiscal 2019.

MCC acquired Arparn Plast Compound (PVC compound business) after a demerger from Welset Plast, and will change its name to MCPP India since the acquisition has been completed.

MCC says applications for its polymer products continue to expand in India’s automotive industry, and growth is expected to remain steady in the future. MCC currently outsources the manufacturing of thermoplastic elastomers in India. The acquisition of Welset Plast Extrusions’ PVC compound business, and the construction of the new production facility, will allow MCC to upgrade its performance polymer supply system to meet the increasing demand.

MCC has proactively pursued mergers and acquisitions and investment in the performance polymer business, expanding globally in regions such as Asia/Pacific, Europe, and North America. Currently its network includes 28 locations in 16 countries, and MCC positions MCPP India as its Asia/Pacific medical PVC compound manufacturing site. In addition, it will accelerate further global development by expanding the scale of manufacturing of its thermoplastic elastomers for automobiles.