Mitsui Chemicals, Inc. (Tokyo: 4183; President & CEO: HASHIMOTO Osamu) today announced that group company SDC Technologies, Inc. has acquired COTEC® GmbH. Engaged in the manufacture, sale and research of hydrophobic and anti-reflective coatings, COTEC® became a wholly owned subsidiary of SDC on October 1, 2020.
Mitsui Chemicals Group's product range: from ophthalmic lens materials to coating materials
Creating a business model that delivers QoV
The Mitsui Chemicals Group's Vision Care Materials Division boasts a diverse product range. Its ophthalmic lens materials include the MR™ series of high refractive index optical lens materials, as well as medium and low refractive index lens materials. In the field of coating materials, the Mitsui Chemicals Group followed up its acquisition of SDC in 2008 by using the group company to bring anti-fog coating specialist FSI Coating Technologies, Inc. under its umbrella in 2010. UV-curable hard coatings producer LTI Coating Technologies, LTI was then acquired in 2014 before being subsequently integrated with SDC in a 2017 absorption-type merger. Now with hydrophobic and anti-reflective coating expert COTEC® as its latest acquisition here, the Mitsui Chemicals Group is looking to enhance its offering of coating solutions for the ophthalmic lens market.
The Mitsui Chemicals Group intends to continue expanding the portfolio of its Vision Care Materials Division and, based on the concept of Quality of View (QoV),* will continue to pursue its commitment to product development aimed at vision correction and improving the health and comfort of the eyes. It is all part of the Mitsui Chemicals Group's effort to bring people a better view of the world.
*QoV: A measure of quality and satisfaction in all areas related to eyes and eyesight in our lives. The term encompasses vision optimization and comfort, ocular health and measures to prevent optical diseases.
Company Profiles
SDC Technologies
COTEC® GmbH
Head office
California, U.S.
Bavaria, Germany
Representative
Antonios Grigoriou
Michael Fliedner
Established
1986
1997
Composition of shares
Mitsui Chemicals, Inc. (Mitsui Chemicals America, Inc.): 100%
SDC Technologies, Inc.: 100%
Business
Manufacture, sale and research of hard coatings, anti-fog coatings and coating equipment
Manufacture, sale and research of hydrophobic coatings, anti-reflective coatings and process technology
Main applications
Eyewear, mobility
Eyewear, automotive displays, precision optics
Offices
U.S., Singapore, U.K., China
Germany
'Together we can provide coating materials for all layers of a complete eyewear lens coating stack,' said Antonios Grigoriou, CEO and President of SDC. 'From Mitsui Chemicals' innovative MR™ series of high refractive index optical lens materials, to SDC's CrystalCoat™ top layer best-in-class abrasion resistant hard coats, to COTEC®'s anti-reflective coating materials and DURALON brand family of nanocoatings offering easy-to-clean finger-print, and anti-smudge and oil/ water repellency.'
'We are honored to incorporate this knowhow into the SDC organization,' said Michael Fliedner, CEO of COTEC®. 'Through the partnership with SDC, the expertise of both companies in polymer chemistry and thin film coating technology is being combined. This will strengthen the innovative power of both companies. SDC's existing distribution channels and application facilities will enable COTEC® to strengthen its presence in Asia and the Americas.'
Mitsui Chemicals Inc. published this content on 06 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 October 2020 04:34:02 UTC
Mitsui Chemicals, Inc. specializes in the manufacture and marketing of chemicals products. Net sales break down by product family as follows:
- basic chemicals and fine chemicals products (48.8%): polypropylene, polyethylene, phenols, polyolefins, polyurethane, etc.;
- performance chemicals products (25.5%): elastomers, urethane, polymers, etc. intended in particular for the automotive industry;
- coating materials, films and agrochemicals (14.6%): resins, adhesives, polypropylene films, polyethylene films, industrial films, agrochemicals (insecticides, fungicides, herbicides, etc.) for the food and packaging sectors;
- specialty materials (10.2%): ophthalmic lens materials, photochromic materials, non-woven fibers, dental products, etc. dedicated to the medical and healthcare industry;
- other (0.9%).
Net sales are distributed geographically as follows: Japan (52.2%), China (14.5%), Asia (13.6%), America (11.8%), Europe (7.3%) and other (0.6%).