Japan: Circular Economy Mitsubishi Chemical to Takeover Two Swiss Plastic Recycling Firms
Mitsubishi Chemical will acquire the firms – Minger Kunststofftechnik and Minger Plastic. The move is in line with the company’s strategy of promoting a circular economy and will also enable the firm to create an integrated business model for engineering plastics.
Tokyo/Japan – Mitsubishi Chemical Corporation has recently decided that it will acquire two Swiss engineering plastics recyclers, Minger Kunststofftechnik and Minger Plastic (collectively, the Minger Group), through its group company Mitsubishi Chemical Advanced Materials as a part of the company’s efforts to promote the circular economy. The acquisition is expected to be completed by the end of February this year.
Based on the Mitsubishi Chemical Holdings (MCHC) Group’s Kaiteki Vision 30, MCC makes the circular economy a key element in its realisation of Kaiteki, and plastic recycling is an important initiative within this basic policy.
The Minger Group has superior proprietary recycling technologies for engineering plastics like Peek (Polyether Ether Ketone), PVDF (Poly Vinylidene Di Fluoride) and nylon. It possesses a material collection network that spans a wide area of Europe, a track record of recycled material transactions with over 100 customers, and an established business model for recycling engineering plastics in the region.
The acquisition will allow MCC to establish an integrated business model for engineering plastics, from manufacturing to sales, machining, collection, and reuse. Going forward, the company will continue to strengthen its capability to propose solutions to users as a leader in the engineering plastics industry and will contribute to the realisation of a recycling-based society.