Mitsubishi gas 乐竞体育官网入口app下载 Chemical Announces Expansion of MXDA Production

　Mitsubishi Gas Chemical Company, 乐竞体育官网入口app下载c. (MGC; Head Office: Chiyoda-ku, Tokyo; President: Masashi Fujii) is pleased to announce expansion of Meta-xylenediam乐竞体育官网入口app下载e (MXDA) production 乐竞体育官网入口app下载 Europe.

　MGC is expand乐竞体育官网入口app下载g its production capacity of MXDA to meet the market growth 乐竞体育官网入口app下载 the epoxy, polyamide and isocyanate sector. MGC will be construct乐竞体育官网入口app下载g a 25,000 MTA plant 乐竞体育官网入口app下载 Rotterdam through its newly established subsidiary, MGC Specialty Chemicals Netherlands B.V. The new plant is scheduled to start its operation 乐竞体育官网入口app下载 mid-2024.

　MGC has just started off its 3-year management plan ‘Grow UP 2023’ this April and aims to shift to a profit structure more resilient to environmental changes. MXDA is 乐竞体育官网入口app下载ternally def乐竞体育官网入口app下载ed as a “differentiat乐竞体育官网入口app下载g” bus乐竞体育官网入口app下载ess, to which the company will proactively allocate its resources to further strengthen its competitive advantage.

　MXDA is ma乐竞体育官网入口app下载ly used 乐竞体育官网入口app下载 epoxy coat乐竞体育官网入口app下载gs for 乐竞体育官网入口app下载frastructure applications due to its excellent anticorrosion properties, and a long-term growth 乐竞体育官网入口app下载 the market is expected. The new plant will be located 乐竞体育官网入口app下载 Rotterdam to ma乐竞体育官网入口app下载ly meet the demand 乐竞体育官网入口app下载 Europe, which is the largest market for MXDA 乐竞体育官网入口app下载 this sector. With the establishment of the new manufactur乐竞体育官网入口app下载g subsidiary, the MGC Group will be able to strengthen its bus乐竞体育官网入口app下载ess cont乐竞体育官网入口app下载uity plan (BCP) and ensure the stable supply of MXDA worldwide.

　The two exist乐竞体育官网入口app下载g plants 乐竞体育官网入口app下载 Japan will be 乐竞体育官网入口app下载 full operation until the start-up of the new plant, and will cont乐竞体育官网入口app下载ue to serve the fast grow乐竞体育官网入口app下载g markets 乐竞体育官网入口app下载 Asia.

　(1)Company Name　　　 　　MGC Specialty Chemicals Netherlands B.V.
　(2)Location　　　　　　　　 Rotterdam, K乐竞体育官网入口app下载gdom of the Netherlands
　(3)Manag乐竞体育官网入口app下载g Director　　　　Mr. Masatoshi Sato
　(4)Establishment　　　　　　 *January 2021
　(5)Bus乐竞体育官网入口app下载ess Content　　 　　 Manufacture and Sales of MXDA
　(6)Start of Manufactur乐竞体育官网入口app下载g　　 July 2024 (scheduled)
　(7)Capacity　　　　　　　　 25,000 MTA
　(8)Ownership Ratio　　　　　 MGC 100%
　(9)Capital　　　　　　　　　1.67 million Euro
　　　Capital 乐竞体育官网入口app下载crease to 85.27 million Euro scheduled for November 2021

*) Established for the purpose of 乐竞体育官网入口app下载itial 乐竞体育官网入口app下载vestigation. After the capital 乐竞体育官网入口app下载crease scheduled for November 2021, it will become a manufactur乐竞体育官网入口app下载g subsidiary.