Mitsubishi Chemical to Expand its Japan Based OPL Film Production Capacity
Mitsubishi Chemical to Expand its Japan Based OPL Film Production Capacity

Mitsubishi Chemical to Expand its Japan Based OPL Film Production Capacity

  • 19-Oct-2024 4:30 AM
  • Journalist: Rene Swann

The Mitsubishi Chemical Group (MCG Group) has announced on October 17 that it plans to significantly expand its OPL Film production capacity. OPL Film is a high-performance optical polyvinyl alcohol (PVOH) film used in polarizing plates for liquid crystal displays (LCDs) used in televisions. The expansion will take place at the Mitsubishi Chemical’s Mitsubishi Chemical’s Central Japan-Ogaki (Kanda) Plant in Ogaki City, Gifu Prefecture, Japan.

This newly improved facility will be capable of producing 27 million square meters of OPL Film per year. Upon completion of the expansion, the MCG Group's total production capacity for OPL Film™ is expected to reach an impressive 154 million square meters per year, solidifying its position as a leading manufacturer of this critical component in the LCD industry.

The upgraded facility is scheduled to commence operations in the second half of fiscal year 2027, coinciding with a surge in demand for OPL Film products. This demand surge is driven by a growing popularity of larger LCD screens in televisions and other electronic devices. The MCG Group's decision to expand its production capacity underlines its commitment to fulfil the increasing market requirements for high-quality OPL Film.

The new production facility will feature the largest single-line production capacity within the MCG Group. It will boast state-of-the-art technology, enabling it to produce OPL Film with superior quality and efficiency compared to traditional methods.

The expansion project aligns with the MCG Group's strategic focus on sustainable growth and innovation. By investing in advanced production facilities, the company aims to enhance its competitiveness and meet the evolving needs of its customers.

Mitsubishi Chemical Corporation (MCG) stands as a prominent global player in the chemicals industry, renowned for its commitment to delivering innovative solutions across various sectors. As a key member of the Mitsubishi Group, MCG emphasizes sustainable development and technological advancement in its operations. The company offers a diverse portfolio of products, which includes specialty chemicals, performance materials, and advanced composites, all designed to meet the evolving needs of its customers. In response to pressing global challenges such as climate change and resource scarcity, MCG is dedicated to developing eco-friendly technologies and sustainable materials. This commitment is evident in the company’s strong focus on research and development, which enables it to pioneer cutting-edge solutions that not only enhance the quality of life but also contribute positively to society. MCG strives to build and maintain long-term relationships with customers and partners worldwide, ensuring that its innovations are aligned with market demands and societal needs.

Through its strategic initiatives, Mitsubishi Chemical aims to be a leader in both sustainability and innovation within the chemicals industry. By prioritizing environmentally friendly practices and continuously advancing its technologies, MCG seeks to make a significant positive impact on the economy and the environment, ultimately contributing to a more sustainable future for all.

Related News

Mitsubishi Chemical to Expand its Japan Based OPL Film Production Capacity
  • 19-Oct-2024 4:30 AM
  • Journalist: Rene Swann
Kazakhstan Sets Ambitious Goals to Increase Petrochemical Production
  • 16-Oct-2024 1:30 AM
  • Journalist: Timothy Greene
Acetylene Prices Remain High Amid Strong Demand and Upstream Cost Pressures
  • 19-Jul-2024 5:56 PM
  • Journalist: Harold Finch
Asian Acetylene Prices Expect to Improve in Q2 2024
  • 28-Mar-2024 3:31 PM
  • Journalist: Harold Finch