Mitsubishi Chemical Corporation to withdraw from PET bottle business

Mitsubishi Chemical's 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 their efforts to shore up the business by reducing fixed costs and other means, they have decided to withdraw from the business after careful examination of the surrounding environment, on the ground 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)
• 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

Source: Mitsubishi Chemical Corporation