Japanese compounder boosts auto PP grade presence in Americas

18/05/2012

A leading Japanese supplier of polypropylene (PP) compounds for automotive applications is adding 118,000 tonnes/year of compounding capacity in the Americas and China to tap demand from growing auto production in these localities.

Almost half of this new capacity to be added by Mitsui Chemicals (Tokyo) will come from the acquisition of a 70% equity stake in Brazilian compounder Produmaster Indústria e Comércio Ltda. (São Paulo) by Mitsui group company Prime Polymer Co. (Tokyo). The Brazilian entity will be renamed as Produmaster Advanced Composites Indústria e Comércio de Compostos Plásticos Ltda.

Produmaster supplies products to major auto makers through two sites: its head office and production facilities located in Mauá, São Paulo (38,000 tonnes/year), where many auto makers are located; and its 50%-owned subsidiary Produmaster do Nordeste Ltda., located in Camaçari in the northeastern state of Bahia (17,000 tonnes/year capacity). The subsidiary in Camaçari will become a 50:50 joint venture of Produmaster Advanced Composites and current partner Alberto de Boni Neto. Previous Produmaster Indústria owner Vicente Eudes de Freitas will retain a 30% stake in Produmaster Advanced Composites.
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