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Mitsubishi Chemical Announces Production of TPS in Thailand On January 19, Mitsubishi Chemical announced that it has started production of styrene thermoplastic elastomer (TPS
)
in Thailand.
Its subsidiary, Mitsubishi Chemical Performance Polymers (Thailand), began operations in January 2018 to serve
the growing automotive market in Asia.
In recent years, the demand for TPS in Southeast Asian markets has increased, mainly from the automotive industry and food packaging fields
.
In order to meet the strong demand, the company decided to start TPS production
in Thailand, which is growing rapidly.
Mitsubishi Chemical will gradually expand its TPS product line to meet the diverse needs of its customers while accelerating the development of its high-performance polymer division
.