Mitsubishi Chemical has started production of styrenic thermoplastic elastomer (TPS) at Mitsubishi Chemical Performance Polymers (Thailand), its subsidiary in Thailand in January 2018.
“TEFABLOC” is a core brand of our thermoplastic elastomers. We have an extensive lineup of olefinic, styrenic, and polyester elastomers, and produce and market these products globally. Our TPS is used in a wide range of fields such as automobiles, building materials, electronic devices, food packaging, and healthcare, and we currently manufacture TPS in Japan, China, the United States, Europe, and Brazil.
In Southeast Asia, we so far supply TPS by exporting from those markets of manufacture. However, TPS demand in Southeast Asia has increased in recent years mainly in the automotive and food packaging fields. To meet this robust market demand, we decided to start TPS production in Thailand, a rapidly growing country.
With this production launch, our lineup of thermoplastic elastomers in Thailand will expand to four brands*, which will enable us to offer a wider range of solutions with shorter lead times.
We will continue to expand our thermoplastic elastomer lineup to meet the diverse needs of our customers and further accelerate the growth of our performance polymers business.
* Mitsubishi Chemical Corporation currently produces three brands in Thailand, namely, “THERMORUN™” – thermoplastic elastomer for automotive airbags, “TREXPRENE” – vulcanized olefinic thermoplastic elastomer, and “SUNPRENE™” – flexible PVC compounds.