Business trend
Mitsubishi Plastics, world’s leading manufacturer of alumina fibers for vehicles, will
increase the production capacity by 10% with an investment of about two billion
yen. The company has 80% share in the global market of alumina fibers used for the
protection of catalysts to purify gas emissions. Its alumina fiber is a high performance material with high heat resistance that can maintain thermal
insulation properties and cushioning characteristics even at such a high
temperature as higher than 1,600 degrees centigrade. It is processed to be
sheet-like and used to wrap the catalyst.
With the
investment, Mitsubishi’s annual production capacity of alumina fibers will
increase to 3,000 tons within the year. The Ministry of Economy, Trade and
Industry will subsidize part of the investment. The regulations on nitrogen
oxide contained in exhaust fumes are growing more stringent in China and
Europe. In addition, construction machinery will be subject to gas emission
regulations in the near future. The company decided to make an investment to
prepare for the rapid spread of stringent emission control worldwide.
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