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Business
Mitsui Chemicals Boosts Cycloolefins
June 11, 2007
| A version of this story appeared in
Volume 85, Issue 24
Mitsui Chemicals will invest $50 million to build a 3,000-metric-ton-per-year plant making its APEL-brand amorphous cycloolefin copolymer. Scheduled to come on-line in May 2008, the plant will be located at the company's facility in Osaka, Japan. The company says APEL is used in high-end applications such as pharmaceutical packaging and camera-phone lenses and 20% annual market growth is expected. The firm already operates a 3,400-metric-ton plant at its Iwakuni-Ohtake site in southern Japan.
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