Mitsubishi Gas Chemical Company,Inc. [4182.T]
TOKYO, Mar 31 (Pulse News Wire) – Mitsubishi Gas Chemical Company,inc. (4182.T) decided to halt operations at its poly carbonate plant located within its Kasumi Factory by March 2028 due to ongoing unprofitability and poor capital efficiency.
The decision was made during a board meeting held. The company's PC business faces challenges due to oversupply and market downturns, leading to low profitability and inefficiency. Despite various cost improvement efforts across production sites, the Kasumi Factory’s PC plant remains unprofitable and shows no signs of future recovery. As part of its mid-term management plan “Grow UP 2026,” the company plans to continue restructuring the PC business through further capacity optimization and value enhancement.
The company stated that employees working at the affected plant will be prioritized for employment maintenance. Additionally, domestic sales will shift towards products manufactured at overseas facilities within the group. The optical resin polymer "Uvexeta® EP," sold by the Optical Materials Division, is excluded from the shutdown plan. Regarding the impact on the consolidated performance and individual results for the fiscal year ending March 2026, the company is currently conducting a detailed assessment.
Any significant findings will be disclosed promptly.
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