Mitsui Elastomers Singapore, a wholly owned subsidiary of Mitsui based in Singapore, plans to raise its production capacity for Tafmer high-performance elastomers.
Tokyo/Japan — The resin modifier and soft molding material is used in a wide range of applications, including automotive materials, packaging materials, solar battery encapsulants, engineering plastic modifiers and sports shoe midsoles.
According to the manufacturer, global economic growth is driving strong demand for this product, with automotive material applications in particular expected to see further demand growth. This comes as automobile production numbers continue to rise and tightening environmental regulations spur needs for lightweighting.
When it comes to supplying automotive material manufacturers around the world, the company is focusing on polypropylene (PP) compounds. To keep up its steady supply, the supplier plans to remove bottlenecks at existing production facilities, allowing it to increase production capacity for the elastomer series.
The factory location on Jurong Island, Singapore, currently has a production capacity of 200,000 tons per year. After the expansion the capacity will increase to 225,000 tons. The project is planned to be completed in July 2020. Mitsui is also considering additional capacity increases for Tafmer as they intend to grow their business further.