Mitsubishi Chemical Corp. (MCC) is building a new manufacturing plant in Indonesia to increase its polyester film production capacity, the company announced 10 Sept.
MCC’s wholly-owned subsidiary MC PET Film Indonesia (MFI) will invest $130m (€118m) in the new 25-kilotonne-per-annum (ktpa) plant, which is set for completion by the end of 2021.
The Tokyo-based materials supplier is adding the new capacity in anticipation of continued growth in the optical application for displays.
In addition, demand for polyester films, particularly those for electronic components, is showing remarkable growth, according to MCC.
The demand, said MCC, is driven by the increased use of electronic components in the automotive industry and in capacitors for 5G-compatible base stations.
MCC currently manufactures polyester films for optical, industrial, and packaging applications at five production facilities in Japan, China, Indonesia, the US, and Germany.