Mitsubishi Chemical to double polyester film output in Indonesia+
JAKARTA, NNA – Japan’s leading chemical maker Mitsubishi Chemical Corp. will more than double its polyester film production capacity in Indonesia to meet rising global demand for optical and electronics applications.
The company plans to invest about $130 million at a plant of its wholly owned PT MC Pet Film Indonesia to raise its annual capacity to 45,000 tons, up from 20,000 tons, by the end of 2021, a spokeswoman in Tokyo told NNA Tuesday.
Mitsubishi Chemical’s polyester film is mainly used for optical applications such as display panels, and demand is expected to continue growing, the firm said in a statement.
The Tokyo-based company also anticipates more demand for electronic parts like multilayer ceramic capacitors, or MLCCs, in line with electrification in automobiles and an increase in 5G telecommunication base stations, the statement said.
The start of a new production line operation at the Indonesian plant has yet to be fixed, according to the spokeswoman.
The Indonesian unit, established in 1995, has accumulated expertise in making evenly thin films for industrial use and will supply the product mainly to Asia-Oceania countries, she said.
Mitsubishi Chemical produces polyester films in China, Germany, Indonesia and the United States besides Japan and is considering ramping up production in Europe, where demand for film for industrial applications is on the rise, it said.