Tokyo – Mitsui Chemicals Inc has announced plans to acquire Asahi Kasei Corp.’s Sunvieo thermoplastic styrene elastomer (TPS) business.
The Japanese materials suppliers expect to sign the deal 1 Dec, announced Mitsui, which already supplies thermoplastic elastomers (TPEs), particularly to the automotive industry.
With production sites in Japan and China, Sunvieo will add an undisclosed capacity for TPS to Mitsui’s elastomers portfolio.
Mitsui’s Milastomer-branded TPEs include thermoplastic vulcanisates (TPVs) which are used in automotive interiors, weatherstrip and steering gear boots. The company also makes thermoplastic olefin elastomers (TPOs),…