MOSCOW (MRC) -- Mitsubishi Chemical Corporation has started production of styrenic thermoplastic elastomer (TPS) at Mitsubishi Chemical Performance Polymers (Thailand) Co., Ltd., its subsidiary in Thailand in January 2018, as per Hydrocarbonprocessing.
"TEFABLOC" is a core brand of our thermoplastic elastomers. The company has an extensive lineup of olefinic, styrenic, and polyester elastomers, and produce and market these products globally. Its TPS is used in a wide range of fields such as automobiles, building materials, electronic devices, food packaging, and healthcare, and we currently manufacture TPS in Japan, China, the United States, Europe, and Brazil.
In Southeast Asia, the company so far supply TPS by exporting from those markets of manufacture. However, TPS demand in Southeast Asia has increased in recent years mainly in the automotive and food packaging fields. To meet this robust market demand, the company decided to start TPS production in Thailand, a rapidly growing country.
With this production launch, its lineup of thermoplastic elastomers in Thailand will expand to four brands, which will enable us to offer a wider range of solutions with shorter lead times.
The company will continue to expand our thermoplastic elastomer lineup to meet the diverse needs of its customers and further accelerate the growth of its performance polymers business.
As MRC wrote previously, in late December 2017, Ube Industries, JSR Corp. and Mitsubishi Chemical Corp. received European Commission (EC) approval for the planned integration of their acrylonitrile butadiene styrene (ABS) subsidiaries.
Mitsubishi Chemical with headquarters in Tokyo, Japan, is a diversified chemical company involved in petrochemicals, polymers, agrochemicals, speciality chemicals and pharmaceuticals. The company's main focus is on three business pillars: petrochemicals, performance and functional products, and health care.