TOKYO—Mitsubishi Chemical Corp. has established a regional management company in Singapore, as part of a strategy to expand its performance polymers business in the fast-growing Asian and Indian markets.
The Tokyo-based materials supplier said its consolidated subsidiary, Advanced Plastic Compounds Singapore, will be renamed Mitsubishi Chemical Performance Polymers Asia Pacific (MCPP Asia Pacific) as of April 1.
The company will look to improve the business, which involves the production and sale of thermoplastic elastomers, polyvinyl chloride and performance polyolefins.