Japan: Performance Polymers & Electrolytes Mitsubishi Chemical Announces Full Scale Sales of PVC Elastomer and Provides Update on Electrolyte JV
Mitsubishi Chemical has launched full-scale sales of its new series of PVC elastomer, Sunprene, and announced details about the Eletrolyte joint venture with Ube Industries, which started operations in January this year.
Tokyo/Japan — Sunprene is a PVC thermoplastic elastomer that not only possesses PVC’s intrinsic moldability and oil resistance characteristics, but also adds mechanical properties such as rubber elasticity, provided by MCC’s compound technology, and has applications in a broad range of fields such as automotive components and building materials. In general, PVC’s mechanical properties are highly temperature-dependent, and it is very susceptible to changes in the usage environment. In low-temperature environments, it becomes harder, resulting in lower elasticity.
According to the manufacturer, the new MCC-developed series marks a significant improvement in the material’s cold resistance, while maintaining PVC’s intrinsic characteristics, due to its polymer alloy technology. Therefore, changes in its physical properties are minimal even in low-temperature environments, allowing it to maintain high elasticity. The new series has already been adopted by a major Japanese OEM for exterior molding parts that help prevent excessive wind noise while traveling, the company announced.
MCC is considering the production of the new series of Sunprene not only in Japan, but also overseas, including the United States, where the company anticipates strong demand, and plans to cultivate new applications on a global scale.
Mitsubishi Chemical and Ube Industries Announce Electrolyte Joint Venture in China
Mitsubishi Chemical Corporation and Ube Industries, announced in a press release dated October 13, 2016, “Ube Industries and Mitsubishi Chemical Announce Tie-Up for Electrolyte Business in China,” that the two companies had agreed to a tie-up for joint operations of their lithium-ion battery electrolyte businesses in China. The joint venture named Changshu UM Battery Materials is headquartered in Changshu, China, and specializes in the manufacturing and marketing of lithium-ion battery electrolytes.
With the procedures related to competition laws in China and relevant countries completed and the joint venture beginning operation in January of this year, the companies announced the following details. By utilizing their electrolyte business intellectual property and development capabilities in China through this joint venture, Mitsubishi Chemical and Ube Industries will further enhance their technologies and strengthen cost competitiveness. The two companies will also continue to study additional possibilities for a global alliance in the electrolyte business.
With a capital stock of $ 25 million, Mitsubishi Chemical and Ube Industries each hold a stake of 50 % in the company. To this end, Mitsubishi Chemical has transferred 50 % of its equity in its electrolyte subsidiary in China to Ube Industries, and Ube Industries has transferred the trade rights of its electrolyte subsidiary in China to the joint venture. Further, the manufacturing bases for both subsidiaries have been consolidated in Changshu (at the manufacturing base of the former Mitsubishi Chemical electrolyte subsidiary).