MCNS Establishes System House in India
21 Februar 2017 - 5:30AM
Business Wire
Accelerating global competitiveness and
strengthening of Polyurethane system businesses
Mitsui Chemicals & SKC Polyurethanes Co., Ltd. (Co-CEO: Ki
Don Won, Shingo Shibata; a 50:50 joint venture of Mitsui Chemicals,
Inc. and SKC Co., Ltd.; “MCNS”) has decided to establish a
manufacturing and sales company of polyurethane system products
(System house*) in Andhra Pradesh in Southern India to meet an
anticipated increase in polyurethane demand.
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Expected completion image of new company
(Graphic: Business Wire)
[ Outline of New Company ]
1. Name
MCNS Polyurethanes India, Pvt. Ltd.
2. Establishment
February 2017
3. Capital
US$ 7.3 million (800 million JPY)
4. Equity ratio
Mitsui Chemicals & SKC Polyurethanes Co., Ltd. 100%
5. Location
Sri City: NH-5, Tada P.O., Nellore Dist., Andhra Pradesh 524 401.
India
6. Business
Manufacturing and sales of polyurethane system products
7. Capacity
13,000 tons/year 8. Schedule
Construction Start: March,
2017Construction Completion: December, 2017Commercial Operations:
January, 2018
* System house: Manufacturing and sales bases that provide
premium services, such as the adjustment of polyurethane foam
material formulations including those derived from polyol, to cater
to individual customer needs.
With a population estimated at 1.3 billion people, India is the
world’s seventh largest economic power in GDP terms, with annual
economic growth of 7% or higher expected. India produces 4 million
cars and 9 million refrigerators annually, and demand for
polyurethane is also expected to increase. Many Japanese and Korean
auto and home appliance manufacturers have developed a presence in
the country, especially in Southern India, and MCNS will expand its
business by reliably supplying high-quality polyurethane system
products with the system house.
MCNS is a 50:50 joint venture company between Mitsui Chemicals
and SKC established by integrating their polyurethane businesses in
July 2015. It supplies polyurethane system products from system
houses in 10 locations around the world, including the United
States, Mexico, China and Poland, based on a production capacity of
280,000 tons of polyol, 250,000 tons of MDI and 120,000 tons of
TDI. With the establishment of the system house this time, MCNS
will develop its business in India and accelerate the strengthening
of its global competitiveness by expanding system house businesses,
mainly in areas other than India where high growth is expected.
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version on businesswire.com: http://www.businesswire.com/news/home/20170220005184/en/
Mitsui Chemicals, Inc.Takashi Kawamoto, +81-3-6253-2100Corporate
Communications Division