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MITSUBISHI CHEMICAL HOLDINGS CORPORATION

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Mitsubishi Chemical : to spend $920 million on new resin plant in Louisiana -Nikkei

08/03/2021 | 05:23am EDT

TOKYO (Reuters) - Mitsubishi Chemical Holdings will spend 100 billion yen ($920 million) to build a new resin materials plant in the U.S. state of Louisiana, the Nikkei reported on Tuesday, adding the company aims to start operation in fiscal 2025.

The new plant will increase the firm's supply capacity by about 20%, according to the report.

($1 = 109.1400 yen)

(Reporting by Takashi Umekawa; Editing by Kirsten Donovan)


ę Reuters 2021
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Financials
Sales 2022 3 729 B 34 036 M 34 036 M
Net income 2022 150 B 1 372 M 1 372 M
Net Debt 2022 1 944 B 17 745 M 17 745 M
P/E ratio 2022 11,0x
Yield 2022 2,33%
Capitalization 1 483 B 13 493 M 13 532 M
EV / Sales 2022 0,92x
EV / Sales 2023 0,84x
Nbr of Employees 69 607
Free-Float 92,3%
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Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 1 043,50 JPY
Average target price 1 059,23 JPY
Spread / Average Target 1,51%
EPS Revisions
Managers and Directors
Jean-Marc Gilson President & Representative Director
Hidefumi Date CFO, Director & Managing Executive Officer
Yoshimitsu Kobayashi Chairman
Ken Fujiwara Director & Chief Compliance Officer
Motohiro Oki Manager-Business Administration
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