Mitsubishi Corporation Acquires Stake in Polyurethane Manufacturer in Taiwan

Mitsubishi Corporation (MC) is pleased to announce the acquisition of 4% of shares in DingZing Advanced Materials Inc. (DINGZING), a thermoplastic polyurethane (TPU) film manufacturer based in Taiwan.

 

The market for TPU, which is used in a wide variety of applications such as sporting goods, apparel, and industrial products, continues to show signs of steady growth. DINGZING is the world’s largest producer of TPU film, with an integrated production line ranging from TPU pellets to processed TPU film, and has built up an impressive record in research and development for new products.

 

MC already supplies various urethane raw materials for TPU pellets to DINGZING, but MC and DINGZING are seeking to enhance their strategic partnership with the aim of leveraging MC’s global network to expand sales in Japan as well as in other markets in Asia and in the USA. Also, MC will continue to seek out opportunities for further business collaboration with DINGZING in Asian and other markets.

 

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