Sector News

Mitsui Chemicals to restructure operations

February 26, 2015
Chemical Value Chain
Mitsui Chemicals is preparing to restructure operations of its functional chemicals business unit, to accelerate new product development and business strategy.
 
The restructuring is part of the company’s 2014 mid-term business plan, which is designed to simplify domain of each business sector.
 
The decision is said to strengthen business support function and accelerate decision making, while improving operational efficiency and reducing interdepartmental coordination, Mitsui Chemicals said.
 
As part of the restructuring, Mitsui functional chemicals business sector’s fine and performance chemicals division and licensing division will be moved to its basic chemicals business segment and petrochemicals business sector, respectively.
 
The Mitsui Chemicals Agro operations will be upgraded to a business sector.
 
The functional chemicals business sector will operate under the ‘Health Care Business Sector’ name.
 
Mitsui Chemicals plans to establish a R&D centre to manage activities of its R&D strategy division, Mitsui Chemicals Singapore R&D Centre, synthetic chemicals laboratory, and polymeric materials laboratory, as well as its functional materials laboratory, new products development laboratory, process technology centre, advancing analysis laboratory, and R&D administration division.
 
The centre will bring together all of the company’s R&D functions, and strengthen cross-laboratory cooperation, thereby facilitating creation and commercialisation of new business and products.
 
As part of the restructuring, the company will reorganise its production and technology centre, safety and environment division, RC and quality assurance division, internal control division, SCM division, and corporate performance management division.
 
Its finance and accounting division, corporate communications division, CSR division, corporate administration division, and legal division will also be reorganised.
 
The company will establish fabricated products business coordination division and food and packaging business promotion division.
 

Related News

February 21, 2021

Dow’s new bio-based polyolefin elastomers secure carbon savings for Henkel’s hot melt adhesives

Chemical Value Chain

Elastomers are special polymers with high elasticity. Affinity RE is one of the first bio-based, high-performance polyolefin elastomers on the market, Dow indicates.

February 21, 2021

Austria’s largest green-hydrogen plant being constructed at OMV refinery 

Chemical Value Chain

OMV AG (Vienna, Austria) and Kommunalkredit Austria AG (Kommunalkredit) have announced a joint investment in the construction of Austria’s largest electrolysis plant in the OMV Schwechat Refinery.

February 21, 2021

Dow Inc seeks buyers for German chemical parks infrastructure: sources

Chemical Value Chain

U.S. chemicals maker Dow Inc has put German infrastructure assets up for sale in a potential 800 million euro ($966 million) deal as it seeks cash for investment elsewhere, sources close to the matter told Reuters.

Send this to a friend