TOKYO—Mitsui Chemicals Inc. is building a new production facility for high-performance elastomers in Singapore to increase total manufacturing capacity in the country by nearly 50 percent.
Singapore-based subsidiary Mitsui Elastomers Singapore, which already operates an existing manufacturing facility in Jurong Island, will build a new facility to add 120,000 metric tons per annum (120 ktpa) of capacity for Tafmer-branded alpha-olefin copolymers.
Scheduled for completion in fiscal 2024, the unit, which will also be located in Jurong Island, will bring total production capacity to 345 ktpa, Mitsui said 30 Aug.