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Mitsubishi Chemical builds a new resin plant in the U.S.

 Last Update: 2021-08-14
 Source: Internet
 Author: User

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Recently, Mitsubishi Chemical announced that it will invest more than 100 billion yen (approximately US$900 million) to build a methyl methacrylate (MMA) plant in the United States, which is a resin raw material for automobiles and coatings
.

The company said that the new plant will be built in southern Louisiana and will be put into operation in 2025, with an annual production capacity of 350,000 tons, equivalent to about 10% of global demand

Regarding the reasons for the construction of large factories in the United States, Mitsubishi Chemical said that after the new crown pneumonia epidemic has slowed down, with the rapid recovery of the US economy, sales of durable plastic chemicals have been strong
.

In addition, due to the implementation and changes in US economic policies, the company chose to invest directly in the United States instead of exporting finished products to the United States

In addition to Mitsubishi Chemical, other Japanese material manufacturers are also actively investing in the United States
.

Earlier, Shin-Etsu Chemical announced that it would build a vinyl chloride resin plant in Louisiana before the end of 2023

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