𝗡𝗼𝘁𝗶𝗰𝗲 𝗥𝗲𝗴𝗮𝗿𝗱𝗶𝗻𝗴 𝗗𝗶𝘀𝗰𝗼𝗻𝘁𝗶𝗻𝘂𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗣𝗼𝗹𝘆𝗰𝗮𝗿𝗯𝗼𝗻𝗮𝘁𝗲 𝗣𝗿𝗼𝗱𝘂𝗰𝘁𝗶𝗼𝗻 𝗮𝘁 𝘁𝗵𝗲 𝗞𝗮𝘀𝗵𝗶𝗺𝗮 𝗣𝗹𝗮𝗻𝘁

Mitsubishi Gas Chemical Company, Inc. (MGC) hereby announces that it has decided, at its Board of Directors meeting held on March 31, 2026, to discontinue operations of the #polycarbonate (PC) plant within its #KashimaPlant. Operations are scheduled to be discontinued in March 2028.

1. Reason for discontinuation of production:

 MGC’s PC business has been facing challenges in terms of profitability and capital efficiency due to a slump in market prices caused by oversupply and other factors. Accordingly, it has been designated as a business requiring intensive management area under the current medium-term management plan (MTMP 2026), and structural reforms have been underway. The Company has conducted various studies aimed at improving profitability across the MGC Group’s production sites. However, the PC plant at the Kashima Plant has continued to operate at low profits, and improvement in profitability is not likely to be expected going forward. As a result, MGC has decided to discontinue operations of the plant in March 2028. Following the #discontinuation of the plant, domestic operations will be supported by products supplied from the Group’s overseas facilities. In addition, the Company will continue to steadily implement structural reforms in this business through such means as further optimization of #production capacity and a shift toward high-value-added products.

 For employees currently engaged at the plant, MGC will prioritize continued employment and respond appropriately.

2. Overview of the plant slated for #discontinuation:

 (1) Facility name:  Polycarbonate production facility (within the Kashima Plant)

 (2) Production capacity: 120,000 tonnes / year

 (3) Scheduled discontinuation: March 2028

Note: IupizetaTM EP, the optical resin polymer sold by MGC’s Optical Materials Division, is not subject to this discontinuation.

3. Outlook

 The MGC Group is currently examining the impact of this decision and other implications on its consolidated and non-consolidated operating results for the fiscal year ending March 31, 2026. The Company will promptly make an announcement should any matters requiring disclosure arise.

source : MGC