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Mitsui Chemicals

Japanese chemicals company


Summary

Japanese chemicals company

FieldValue
nameMitsui Chemicals, Inc.
native_name三井化学株式会社
native_name_langja
logoMitsui Chemicals.svg
logo_size250px
typePublic (K.K)
imageTokyo Midtown-Yaesu.jpg
image_captionHeadquarters in Yaesu, Chuo, Tokyo
traded_as
Nikkei 225 Component
ISIN
founded
predecessorMitsui Petrochemicals Industries
Mitsui Toatsu Chemicals
hq_location_cityShiodome City Center, Higashi-Shimbashi, Minato-ku, Tokyo 105-7122
hq_location_countryJapan
area_servedWorldwide
key_peopleTsutomu Tannowa
(President and CEO)
industryChemicals
products
revenueJPY 1,343 billion (FY 2015)
net_incomeJPY 22.9 billion (FY 2015)
num_employees13,447 (consolidated as of March 31, 2016)
footnotes
website

Nikkei 225 Component Mitsui Toatsu Chemicals (President and CEO) (US$ 11.9 billion) (FY 2015) (US$ 203 million) (FY 2015)

Mitsui Chemicals is a Japanese chemicals company listed on the Nikkei with business interests in Japan, Europe, China, Southeast Asia and the USA. It is one of the leading chemical companies in Japan and is part of the Mitsui conglomerate. The company mainly deals in performance materials, petrochemicals and basic chemicals and functional polymeric materials.

History

Mitsui Chemicals of the Mitsui group emerged in 1968 with the merger of Toyo Koatsu and Mitsui Chemical Industry. The former was established in 1933 and was mainly engaged in the manufacture of fertilizers while the latter was founded in 1941 and produced dyes and organic intermediates. The new entity focused in the production of four product lines: fertilizers; basic products (methanol, formaldehyde, phenol, aniline, bisphenol A, TDI, MDI, and melamine); polymers; and, fine chemicals.

With the growth of opportunities in India, Mitsui Chemicals has decided to establish its first polypropylene compounding plant in India at 'Japanese Investment park' Neemrana phase III. The unit being set up will be the manufacturing base of Mitsui Chemicals Group in India in which Mitsui Chemicals holds 80% equity and 20% equity is with another subsidiary, Prime Polymers Company of Japan.

In February 2021, the company stopped operations in their Ichihara petrochemical complex in east Japan's Chiba prefecture to carry out safety inspections after an earthquake hit northeast Japan's Fukushima prefecture.

Products

Mitsui makes a wide range of chemicals, lubricants, and resins. One of the technologies owned by Mitsui Chemicals is the Hypol II process, which uses a miniature loop reactor to prepolymerize catalyst.

In the consumer space, they are known for MR Lenses, a high refractive index (1.74) corrective lens used in consumer eyeglasses. MR Lenses are used by large direct-to-consumer manufactures, including Zenni Optical.

References

References

  1. "Corporate Overview". Mitsui Chemicals.
  2. "Company Profile". [[Nikkei Inc.]].
  3. (2009). "Mitsui Chemicals, Inc.". McGraw-Hill.
  4. Aftalion, Fred. (2001). "A History of the International Chemical Industry". Chemical Heritage Foundation.
  5. (2021-02-15). "Earthquake forces Japanese petchem plants to shut".
  6. Malpass, Dennis B.. (2012). "Introduction to Industrial Polypropylene: Properties, Catalysts Processes". John Wiley & Sons.
  7. Albunia, Alexandra Romina. (2019). "Multimodal Polymers with Supported Catalysts: Design and Production". Springer.
  8. "MR™ ,Material for eyeglass lenses{{!}} Business and Products {{!}} MITSUI CHEMICALS AMERICA, INC.".
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