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Acid Plant Database June 8, 2009
| Owner |
Lucite International (China)
Chemical Industry Company Limited |
 |
| Location |
Shanghai Chemical Industrial Park
Caojing
Shanghai
China |
| Background |
2003 - Company formed Wholly owned subsidiary of Lucite International |
| Website |
www.lucite.com
www.lucitechina.com
|
| Plant |
- |
| Coordinates* |
30° 46' 24.5" N,
121° 25' 43" E |
| Type of Plant |
- |
| Gas Source |
- |
| Plant Capacity |
- |
| SA/DA |
- |
| Emissions |
- |
| Status |
Operating |
| Year Built |
2005 |
| Technology |
- |
| Contractor |
- |
| Remarks |
- |
| Pictures |
  |
| General |
- |
| References |
- |
| News |
May
29, 2009 - On November 11, 2008, Mitsubishi Rayon Co., Ltd. announced its
intention to purchase Lucite International Group Limited of the United Kingdom, and to
convert the company into a consolidated subsidiary of Mitsubishi Rayon. We herewith
announce that all procedures required for the said purchase and the inclusion of Lucite
International in the Company’s scope of consolidation were completed on May 28, 2009.
The acquisition of Lucite International will make Mitsubishi Rayon into the leading
company in the world MMA monomer market, and it constitutes the first step in expanding
the Company’s core business, which is a priority issue under our current medium-term
plan for three years to March 2011. Mitsubishi Rayon will become the sole possessor
of the world’s current three main technologies for MMA production, and the Company
will be the largest maker of MMA monomer with a balanced production structure encompassing
the United States, Europe, and East Asia. Thanks to this production system and its
superior technology, including the new ethylene process (Alpha technology) of MMA
production, the Company will be well-placed to satisfy all its customers’ needs,
thereby achieving growth. The assets and liabilities held by Lucite International
will be included on the balance sheet of Mitsubishi Rayon for the settlement of accounts,
on a consolidated basis, as of June 30, 2009, the end of the first quarter of fiscal 2009
(the business year ending March 31, 2010). However, profits and losses recorded by Lucite
for the first quarter will be excluded from the income statements of Mitsubishi Rayon on a
consolidated basis. |
MTPD - Metric Tonne per
Day STPD - Short Ton per Day
MTPA - Metric Tonne per Annum STPA - Short Ton per Annum
SA - Single Absorption
DA - Double Absorption
* Coordinates can be used to locate
plant on Google Earth
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