Mitsui Chemicals to expand Singapore elastomer facility
Mitsui Chemicals is planning to invest approximately JPY2.5bn ($32m) to increase the production of Tafmer, a high performance elastomer, at its wholly-owned subsidiary Mitsui Elastomers Singapore (MELS) in Singapore.
As part of the proposed investment, the company will establish a warehouse and logistics facilities at MELS to manufacutre an additional 8,000tpy of elastomer.
The expansion project is expected to be completed by October 2013.
Mitsui Chemicals is also planning to build new Tafmer production facilities in Singapore to meet the growing demand for Tafmer from Asia, due to the economic growth and industrial advances.
Mitsui Chemicals has Tafmer production facilities in Japan along with Tafmer logistic hubs in North America and Europe.
Tafmer is a flexible, lightweight elastomer with wide applications in automotive, industrial and packaging material industries, to improve characteristics of thermoplastic resins or as a base material in flexible products.
MELS was founded in 2001 with a capital of $96.3m and produces 2000,000tpy of Tafmer.