TOKYO (Sept. 7, 12 p.m. ET) — Mitsui Chemicals Inc. of Tokyo has established a company for functional polymeric materials, Mitsui Chemicals Functional Composites (Shanghai) Co. Ltd., in Shanghai's Jinshan district.
The company said it will manufacture and distribute Milastomer a thermoplastic olefinic elastomer widely used in glass run channels for automobile windows and in sheathing applications, and Admer, a polyolefin widely used as an adhesive for automobile fuel tanks and food packaging.
In China, demand for Milastomer has grown in line with increased use of cross-linked thermoplastic elastomers in glass run channels of automobiles and demand for more luxurious automobile interior materials, Mitsui said.
Similarly, the market for Admer has grown along with wider applications of resins in automobile fuel tanks and spreading awareness of food safety resulting in the increased use of barrier food packaging materials, the company said. To respond to this growing market demand, Mitsui established a supply base in Shanghai.
Automotive manufacturers are concentrated in eastern China, and the new company is expected to serve as the group's compound base and future base for automotive polypropylenes in the area, Mitsui said.