PET film manufacturer Mitsubishi Polyester Film (MPF, Wiesbaden / Germany; www.m-petfilm.com
) said it is increasing its production capacity at its Wiesbaden site. Around EUR 110m is being invested in a new BOPET line the fifth at the plant and it is scheduled to go into operation at the end of 2024. The manufacturer of this large-scale system, with a capacity of 27,000 t/y, was not disclosed.
According to Mitsubishi, the polyester film market in Europe is growing by around 5% annually. Parent company Mitsubishi Chemical Corporation (MCC, Tokyo / Japan; www.m-chemical.co.jp
) decided to make this investment because demand is expected to continue in the future. Mitsubishi Chemicals polyester film division manufactures at five locations worldwide Japan, China, Indonesia, the US and Germany.
Mitsubishi Polyester Film, currently produces 50,000 t of polyester films for various applications. Its Hostaphan film, for example, is used in the automotive sector and for medical applications. The company employs around 560 people and achieved a turnover of EUR 154m in 2020.
The plant planned in Wiesbaden is already the third investment Mitsubishi has made polyester film in a short period of time. In 2018, a new BOPET plant was installed in the US state of South Carolina, and in 2022 a new BOPET plant is expected to go on stream in Indonesia.