Mitsubishi Chemical to acquire European engineering plastics recycling companies

Mitsubishi Chemical to acquire European engineering plastics recycling companies

March 3, 2020
Press Release: Mitsubishi Chemical Corporation

Mitsubishi Chemical Corporation (MCC) recently announced that it will acquire two Swiss engineering plastics recyclers – Minger Kunststofftechnik and Minger Plastic AG (collectively, the Minger Group) – through its group company Mitsubishi Chemical Advanced Materials as a part of the company’s efforts to promote the circular economy. The acquisition was expected to be completed by the end of February 2020

Based on the Mitsubishi Chemical Holdings (MCHC) Group’s KAITEKI Vision 30, MCC makes the circular economy a key element in its realization of KAITEKI, and plastics recycling is an important initiative within this basic policy.

The Minger Group has superior proprietary recycling technologies for engineering plastics like PEEK (Polyether Ether Ketone), PVDF (Poly Vinylidene DiFluoride) and nylon. It possesses a material collection network that spans a wide area of Europe, a track record of recycled material transactions with more than 100 customers, and an established business model for recycling engineering plastics in the region.

The acquisition will allow MCC to establish an integrated business model for engineering plastics, from manufacturing to sales, machining, collection, and re-use. Going forward, the company will continue to strengthen its capability to propose solutions to users as a leader in the engineering plastics industry and will contribute to the realization of a recycling-based society.

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