Source disclosure: February 20, 2026
Mitsubishi Gas Chemical Company,Inc. [4182.T]
TOKYO, Feb 20 (Pulse News Wire) – Mitsubishi Gas Chemical Company,inc. (4182.T) decided to halt construction of its metaxylenediamine (MXDA) manufacturing facility at its subsidiary MGC Specialty Chemicals Netherlands B.V.
(MSCN). The decision was made during a board meeting held. The reasons for halting the project include delays in construction timelines, rising costs, and intensifying competition. Despite evaluating various options such as resuming work or collaborating with other companies, the group concluded that continuing the project would not yield sufficient economic benefits.
As a result, the company plans to initiate procedures for plant closure, including equipment removal, aiming to complete the process by 2029. MSCN, established in January 2021, was set to begin production in July 2024 with an annual capacity of 25,000 MT. The capital investment stands at €¥20 million, with Mitsubishi Gas Chemical holding 100% percent equity. The company stated that it is currently assessing the impact on its consolidated and individual performance for the fiscal year ending March 2026.
Additional expenses related to equipment removal and contract resolution are expected to be recognized in future financial statements.
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