Mitsubishi Chemical Corporation (Tokyo) has decided to withdraw from the PET bottle business
Background to the decision:
The PET bottle business offers an array of products to meet various needs related mainly to the packaging of condiments and alcoholic beverages. However, the business is experiencing significant pressure on its profitability from the recent sharp rise in raw material and logistics costs. Despite the company’s efforts to shore up the business by reducing fixed costs and other means, Mitsubishi have decided to withdraw from the business after careful examination of the surrounding environment, on the grounds that prospects for future improvement in profitability and growth are slim.
Overview of the withdrawing business
Business: Production and sales of PET bottles
Plants: Kanto Plant, Hiratsuka (1-35, Nishishindo 2-chome, Hiratsuka-shi, Kanagawa) and Central Japan Plant, Azai (1700, Ochi-cho, Nagahama-shi, Shiga)
Withdrawal schedule (Plan)
- December 31, 2025, > End of production
- March 31, 2026, > End of sales