Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Tokyo  >  Mitsui Chemicals, Inc.    4183   JP3888300005

MITSUI CHEMICALS, INC. (4183)
My previous session
Most popular
  Report  
SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweets

Mitsui Chemicals : Completion of Expansion of Electrolyte Solution Production Capacity in China

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/08/2017 | 03:19am CEST

Mitsui Chemicals, Inc. (Tokyo; President & CEO: Tsutomu Tannowa; 'Mitsui Chemicals') has announced the commencement of commercial operation of facilities for the production of electrolyte solution for lithium-ion batteries run by Formosa Mitsui Advanced Chemicals Co., Ltd. ('FMAC'), a joint venture of Mitsui Chemicals and Formosa Plastics Corporation (Taiwan; Chairman & President: Jason Lin; 'Formosa Plastics'), in November 2017. The capacity had previously been expanded in December 2016.

The market for lithium-ion batteries is growing in line with the rising demand for laptops, smartphones and tablets. It is anticipated that the market will expand further, mainly in China, given that plug-in hybrid vehicles and electric vehicles (EVs) with smaller environmental footprints will come into widespread use.

In collaboration with Formosa Plastics, Mitsui Chemicals constructed the facilities to produce high quality electrolyte solution, beginning commercial operation in July 2016. In preparation for the market growth, the recent expansion was made to bolster the supply system by calling on well established technologies and knowledge on electrolyte solution, to meet growing demand in the Chinese market.

Outline of FMAC and expanded production capacity

1. Name Formosa Mitsui Advanced Chemicals Co., Ltd.
2. Establishment August 2013
3. Capital US$ 8.2 million
4. Equity ratio Mitsui Chemicals 50%, Formosa Plastics 50%
5. Location FPC industrial complex in Ningbo, China
6. Business Manufacture, sales and research for electrolyte solution in China
7. Capacity 5,000 tons / year (including the recent expansion by 3,500 tons / year)

Demand for lithium-ion battery-use electrolyte solution is also expected to grow in Japan, especially for onboard equipment. At Mitsui Chemicals, its production facility with the capacity of 5,000 tons/year at the Nagoya Works has been in commercial operation since April 2017.

Mitsui Chemicals has targeted the mobility domain as a growth driver. As one of the growth leaders in this domain, it is actively pursuing expansion of its unique and distinctive electrolyte solutions for lithium-ion batteries. It will continue to strengthen and enlarge its mobility business by expanding its electrolyte solution supply systems in China and Japan.

Outline of Formosa Plastics

1. Name FORMOSA PLASTICS CORPORATION
2. Establishment November 1954
3. Capital US$ 1,930 million
4. Location 201 Tung Hwa N. Road Taipei, Taiwan
5. Business Manufacture and sales of petrochemicals and chemical products
6. Employees 6,316 (2016)

Attachment

Completion of Expansion of Electrolyte Solution Production Capacity in China 〜 Meeting growing EV demand in China 〜 (PDF : 108KB)

Mitsui Chemicals Inc. published this content on 08 December 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 08 December 2017 02:17:08 UTC.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MITSUI CHEMICALS, INC.
10/16MITSUI CHEMICALS : Operations Start on Additional Production Facilities for High..
PU
10/12MITSUI CHEMICALS : GC and MCI sign JV agreement for petrochemicals production in..
AQ
10/12MITSUI CHEMICALS : Publication of the Mitsui Chemicals Report 2018
PU
10/11MITSUI CHEMICALS : Serves as Material Advisor for ANREALAGE’s Paris Fashio..
PU
09/26MITSUI CHEMICALS, INC. : Ex-dividend day for interim dividend
FA
09/25MITSUI CHEMICALS : Provides Third Round of Do Green™ Support Activities fo..
PU
09/20MITSUI CHEMICALS : Nagoya Branch to Establish Automotive Materials Marketing Div..
PU
09/18MITSUI CHEMICALS : to Establish New Production Facility in North America for Lon..
PU
09/14MITSUI CHEMICALS : included on the Dow Jones Sustainability Index
PU
09/03MITSUI CHEMICALS : Completes Production Expansion for Ultra-High Molecular Weigh..
AQ
More news
News from SeekingAlpha
08/02Mitsui Chemicals Inc. ADR 2018 Q1 - Results - Earnings Call Slides 
02/02Mitsui Chemicals Inc. ADR 2018 Q3 - Results - Earnings Call Slides 
2017Mitsui Chemicals (MITUY) Investor Presentation - Slideshow 
2017Mitsui Chemicals Inc. ADR 2017 Q2 - Results - Earnings Call Slides 
2017Mitsui Chemicals (MITUF) CEO Explanation Business Results & Outlook - Slidesh.. 
Financials (JPY)
Sales 2019 1 507 B
EBIT 2019 -
Net income 2019 82 835 M
Debt 2019 390 B
Yield 2019 3,82%
P/E ratio 2019 6,39
P/E ratio 2020 6,32
EV / Sales 2019 0,62x
EV / Sales 2020 0,59x
Capitalization 546 B
Chart MITSUI CHEMICALS, INC.
Duration : Period :
Mitsui Chemicals, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MITSUI CHEMICALS, INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Average target price 3 635  JPY
Spread / Average Target 36%
EPS Revisions
Managers
NameTitle
Tsutomu Tannowa Executive President, CEO & Representative Director
Masaharu Kubo CFO, Director, Head-Accounting & Legal Affairs
Hideki Matsuo Representative Director & Chief Technology Officer
Shigeru Isayama Director & Executive Officer
Yukiko Kuroda Independent Outside Director
Sector and Competitors
1st jan.Capitalization (M$)
MITSUI CHEMICALS, INC.-27.77%4 817
SAUDI BASIC INDUSTRIES CORPORATION SJSC--.--%99 803
AIR LIQUIDE0.24%52 171
PRAXAIR1.36%46 403
LYONDELLBASELL INDUSTRIES-12.13%36 904
SHIN-ETSU CHEMICAL CO LTD-25.18%34 171