An affiliate of Mitsubishi Chemical Corp., Mitsubishi Polyester Film GmbH, announced the expansion of its polyester films production capacity in Wiesbaden, Germany.
Mitsubishi Polyester Film GmbH will invest up to EUR110 million (USD127.64 million) for the expansion, which is set to be completed by the end of 2024. The current production capacity is 50,000 tpa.
The company will also establish a new production plant with a capacity of 27,000 tpa which will be equipped with the latest technology to ensure energy-saving production that will reduce CO2 emissions.
