Mitsubishi Chemical: Withdrawal from the PBS business

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Japan's Mitsubishi Chemical Corporation (MCG) is withdrawing from the bioplastics polybutylene succinate (PBS) business under the PTT MCC Biochem joint venture.

The group informed about this in a press discharge in the middle of the month. Accordingly, the JV stopped production of PBS at its location in Thailand in December last year. The existing stocks are currently being sold before the JV is to be completely dissolved at the end of this year.

As a justification to the withdrawal, MCC points to the low profitability of the PBS business. The actual market situation does not correspond to the original assumptions, so that sustainable development in the segment cannot easily be expected.

The Thai oil and gaseous group PTT is a joint partner of MCC at PTT MCC Biochem. The JV commissioned a PBS plant with an annual capacity of around 20,000 tons at the Map Ta Phut (Rayong Province) site in 2017. The biodegradable plastic PBS is mainly utilized to packaging, cutlery and medical supplies as well as to the production of composite materials.

The Mitsubishi Chemical Group reports to the on 31. March ended fiscal year 2025/2026, a decline in sales of 6.2 percent compared to the previous year to EUR 3,704 billion. JPY (20,002 billion Euros). At the same time, operating profit shrank by a significant 78.8 percent to EUR 30 billion. JPY (162 million And the net profit by 25.8 percent to 78 billion euros. JPY (421 million Euros).

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