Mitsui Chemicals is to build a Singapore factory to manufacture a high-performance
resin used in vehicle bumpers. It should be in operation by the end of 2002, and
will cost Y10 billion (US$84 million).
The new factory will increase elastomer resin production by 100,000 tonnes,
almost doubling annual output. Mitsui will export 10,000 tons to Japan, with
90,000 tons allocated to the rest of Asia, the US and Europe.
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The company intends to share the investment with Royal Dutch Shell Group and
Sumitomo Chemical, with which it will merge in October 2003. Once the new plant
is open, Mitsui will close an ageing factory in Yamaguchi, Japan.
