Industry News

Mitsubishi Rayon and Lucite International Announce Manufacturing Collaboration

Published on 2005-06-21. Author : SpecialChem

SOUTHAMPTON,UK Mitsubishi Rayon Group (MRC), Asia's largest manufacturer of methacrylate (MMA) products, and Lucite International (Lucite), the world's leading supplier of MMA, announce that they have agreed to enter into a collaboration for the construction and mutual supply of product from new MMA manufacturing capacity to be built in Singapore and the USA.

Under the terms of the agreement, a total of 260kte of new capacity is planned to come on stream over the next four years, with a new plant in Singapore being built by Lucite and completed by the end of 2007 and a plant in the US being constructed by MRC and due for completion by the end of 2009. Each party will supply the other with products from the new facilities, enabling improved service and supply to be provided to their customers on a global basis.

Global demand for acrylic products manufactured from MMA is growing rapidly fuelled by economic growth and the development of new technologies and products. In response to this demand, both Lucite and MRC have already independently announced the construction of new manufacturing capacity in China, with Lucite currently commissioning a 100kte plant in Shanghai and MRC constructing a new 90kte facility in China due for completion next year.

Ian Lambert, Chief Executive of Lucite, added: "The new capacity planned by our two groups creates an opportunity to share investment and production, enabling us to deliver cost efficiencies to our customers and allowing us to become even more responsive to their requirements. We believe there will be significant benefits for both companies' customers as these plants come on stream."

Source: Lucite International

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