Idemitsu Kosan Co.,Ltd. (Headquarters: Chiyoda-ku, Tokyo, Representative Director, President and Chief Executive Officer: Shunichi Kito, hereinafter referred to as “Idemitsu”) has decided to withdraw from the L-MODU business.
L-MODU is a polypropylene resin with lower stereoregularity developed using the metallocene catalyst technology unique to Idemitsu, and is used as a raw material for hot-melt adhesives, nonwoven fabrics, films, etc. Idemitsu has been operating the L-MODU plant for 10 years since 2012, but due to intensifying competition and changes in the business environment, we have determined that it will be difficult to continue the business after discussion on the future business policies.
In line with the withdrawal from the L-MODU business, the manufacturing equipment at Chiba Complex of Idemitsu will be discontinued by December 2023.
[L-MODU business outline]
- 1. Target products
- L-MODU™ of all grades
- 2. Production site
- Chiba Complex
- 3. Production capacity
- 40,000 tons/year (nominal)