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Mitsui Chemicals

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Mitsui Chemicals, Inc.
Native name
三井化学株式会社
Company typePublic (K.K)
TYO: 4183
Nikkei 225 Component
ISINJP3888300005
IndustryChemicals
PredecessorMitsui Petrochemicals Industries
Mitsui Toatsu Chemicals
Founded(October 1, 1997; 27 years ago (1997-10-01))
Headquarters
Shiodome City Center, Higashi-Shimbashi, Minato-ku, Tokyo 105-7122
,
Japan
Area served
Worldwide
Key people
Tsutomu Tannowa
(President and CEO)
Products
RevenueJPY 1,343 billion (FY 2015) (US$ 11.9 billion) (FY 2015)
JPY 22.9 billion (FY 2015) (US$ 203 million) (FY 2015)
Number of employees
13,447 (consolidated as of March 31, 2016)
WebsiteOfficial website
Footnotes / references
[1][2]

Mitsui Chemicals (三井化学株式会社, Mitsui-Kagaku Kabushiki-gaisha) is a Japanese chemicals company listed on the Nikkei with business interests in Japan, Europe, China, Southeast Asia and the USA. It is one of the leading chemical companies in Japan and is part of the Mitsui conglomerate.[3] The company mainly deals in performance materials, petrochemicals and basic chemicals and functional polymeric materials.

History

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Mitsui Chemicals of the Mitsui group emerged in 1968 with the merger of Toyo Koatsu and Mitsui Chemical Industry.[4] The former was established in 1933 and was mainly engaged in the manufacture of fertilizers while the latter was founded in 1941 and produced dyes and organic intermediates.[4] The new entity focused in the production of four product lines: fertilizers; basic products (methanol, formaldehyde, phenol, aniline, bisphenol A, TDI, MDI, and melamine); polymers; and, fine chemicals.[4]

With the growth of opportunities in India, Mitsui Chemicals has decided to establish[when?] its first polypropylene compounding plant in India at 'Japanese Investment park' Neemrana phase III. The unit being set up will be the manufacturing base of Mitsui Chemicals Group in India in which Mitsui Chemicals holds 80% equity and 20% equity is with another subsidiary, Prime Polymers Company of Japan.

In February 2021, the company stopped operations in their Ichihara petrochemical complex in east Japan's Chiba prefecture to carry out safety inspections after an earthquake hit northeast Japan's Fukushima prefecture.[5]

Products

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Mitsui makes a wide range of chemicals, lubricants, and resins. One of the technologies owned by Mitsui Chemicals is the Hypol II process, which uses a miniature loop reactor to prepolymerize catalyst.[6][7]

In the consumer space, they are known for MR Lenses,[8] a high refractive index (1.74) corrective lens used in consumer eyeglasses. MR Lenses are used by large direct-to-consumer manufactures, including Zenni Optical.

References

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  1. ^ "Corporate Overview". Mitsui Chemicals. Retrieved April 19, 2017.
  2. ^ "Company Profile". Nikkei Asian Review. Nikkei Inc. Retrieved April 19, 2017.
  3. ^ Mitsui Chemicals, Inc. McGraw-Hill. 2009. p. 25.
  4. ^ a b c Aftalion, Fred (2001). A History of the International Chemical Industry (2nd ed.). Philadelphia, PA: Chemical Heritage Foundation. p. 316. ISBN 0-941901-29-7.
  5. ^ "Earthquake forces Japanese petchem plants to shut". www.argusmedia.com. February 15, 2021. Retrieved March 4, 2021.
  6. ^ Malpass, Dennis B.; Band, Elliot (2012). Introduction to Industrial Polypropylene: Properties, Catalysts Processes. John Wiley & Sons. ISBN 978-1-118-46320-8.
  7. ^ Albunia, Alexandra Romina; Prades, Floran; Jeremic, Dusan (2019). Multimodal Polymers with Supported Catalysts: Design and Production. Springer. p. 196. ISBN 978-3-030-03474-0.
  8. ^ "MR™ ,Material for eyeglass lenses| Business and Products | MITSUI CHEMICALS AMERICA, INC". us.mitsuichemicals.com. Retrieved January 23, 2022.
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