TOKYO—Mitsubishi Chemical Corp. has started production of styrenic thermoplastic elastomers (TPS) in Thailand.
The Thai subsidiary, Mitsubishi Chemical Performance Polymers (Thailand) Co. Ltd., started operation in January and will serve the growing automotive market in Asia, Mitsubishi said in a Jan. 19 statement.
While it did not provide details about the production capacity of the plant, the firm did note that facility's output would help to meet the "robust market demand."
"...TPS demand in southeast Asia has increased in recent years, mainly in the automotive and food packaging fields," Mitsubishi noted.
Mitsubishi currently produces three TPS brands in Thailand, including Thermorun, which is used in automotive airbags.
The Japanese supplier has a portfolio of olefinic, styrenic, and polyester elastomers. Its TPS materials are used in industries including automotive, electronic devices and building materials.