Japan: Business Strategy Mitsubishi Chemical Consolidates Regional MMA Operations Under New Name
Mitsubishi Chemical has renamed its global Methyl-methacrylate (MMA) domain to Mitsubishi Chemical Methacrylates. In this background, major regional subsidiaries in the Americas, Asia and Europe have also changed their name.
Tokyo/Japan – Companies under the Mitsubishi Chemical Corporation global Methyl-methacrylate (MMA) Domain have recently unified under a new name, Mitsubishi Chemical Methacrylates. Major regional subsidiaries in the Americas, Asia and Europe, including former Lucite International, have changed their name as part of this unification.
Mitsubishi Chemical also consolidates its MMA headquarters in Singapore, which provides business oversight for 11 monomer plants and 6 polymer (acrylic resin) plants in growth markets around the globe.
The new name is part of a long-term plan to integrate regional companies within the company’s MMA Domain to further optimize its global product supply network. Mitsubishi Chemical leverages digital technologies to connect regional production, costs and supply to meet the global demand for MMA. On average, the global demand for MMA increases 3 % annually.
“The formation of Mitsubishi Chemical Methacrylates demonstrates our commitment to providing reliable MMA supply to our customers in every corner of the world,” said Hitoshi Sasaki, chief executive officer, Mitsubishi Chemical Methacrylates. “This ties into our focus on expanding businesses in our portfolio that are poised for growth while simultaneously contributing to solving environmental and social issues.”