company news about Phased Suspension of Production! Chemical Production at Two Japanese Plants of Mitsubishi Chemical Group Will Be Terminated

Phased Suspension of Production! Chemical Production at

Two Japanese Plants of Mitsubishi Chemical Corporation Will Be Terminated

  On March 31, 2025, the Mitsubishi Chemical Corporation released a news release stating that the company has decided to cease production of products in phases by the end of March 2027 at the Onahama Plant of Mitsubishi Chemical Corporation and the Iwaki Plant of Shinrin Corporation, both located in Iwaki City, Fukushima Prefecture, Japan.

Background of the shutdown

  The Konahama Plant of Mitsubishi Chemical Corporation began operations in September 1937 as Nippon Hydrogen Industry Corporation (later Nippon Kasei Corporation), while the Iwaki Plant of Shihayashi Corporation was established in October 2020 as a result of transferring and integrating a wide range of Mitsubishi Chemical Corporation's products and the operations of the former Konahama Distillation Plant into Shihayashi Corporation.

  Both plants have been engaged in the production of a wide range of chemical products, and in recent years they have taken steps to streamline their operations and attract new business in response to drastic changes in the market environment. However, despite these efforts, securing the profitability of these plants has become extremely difficult.

  The Mitsubishi Chemical Corporation is driving business portfolio transformation based on three business selection criteria (alignment with vision, competitive advantage, and growth potential) outlined in the New Medium-Term Management Plan 2029, which was announced in November 2024. Following a review of the Onahama Plant of Mitsubishi Chemical Corporation and the Iwaki Plant of Shinrin Corporation based on these criteria, the Mitsubishi Chemical Group decided to discontinue production at these two plants in phases.

Overview of the Onahama Plant of Mitsubishi Chemical Corporation

Main products:

● Ammonia and its derivatives (ammonium hydroxide)

● Methanol, formalin, lignin binder, AdBlue™

● Fatty acid amides

● Ultrahigh-purity process chemicals (hydrochloric acid, nitric acid, ammonia solutions)

●TAIC derivatives

Overview of Iwaki Plant, Shihayashi Corporation

Main Products:

● Fine chemicals

● TAIC™

● Distillation Products

  The Mitsubishi Chemical Corporation will support the employees at these plants by reallocating employees within the Group and providing re-employment.

  Manufacturing of products at these plants will cease in phases from March 2026 and be completely terminated by the end of March 2027.

From https://www.hzeyun.com/.

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