Mitsubishi Gas Chemical Company, Inc. (MGC) has announced the establishment of a local corporation in India. Specifically, subsidiaries Mitsubishi Gas Chemical Singapore (MGC Singapore) and Mitsubishi Gas Chemical Trading, Inc. will form the joint investment.

Maximize India’s Potentials

Accordingly, the company sees huge potential in India. First, the country continues to demonstrate remarkable economic development. Second, the market has growing demand for chemical production not just in pharmaceutical but also in automotive and other manufacturing industries.

For that reason, MGC has deemed India as a market that presents significant potential for increased sales and the further expansion of the Group’s products.

“By establishing a new entity in India through joint investment by MGC Singapore and Mitsubishi Gas Chemical Trading, Inc., we aim to consolidate our India-related business activities,” said MGC in a statement. It noted until now, its networks outside India are taking care of the market.

Furthermore, the company sees the new presence in India will enhance its customer support system. At the same time, it will be able to respond promptly to the needs of customers living in the region.

MGC will expand the Group’s business foundation in the Indian market by strengthening the Group’s sales of its India-originating products, assessing its raw material procurement methodology, and exploring new business opportunities.

The new joint venture, MGC Trading India Private Limited, will have its headquarters in Mumbai and will have an initial capital of 20 million Indian Rupees. Of the total investments, 70 percent will come from MGC Singapore while the remaining 30 percent will come from Mitsubishi Gas Chemical Trading Inc.

Critical for Growing Demands

Earlier, MGC announced expanding the Texas Plant of MGC Pure Chemicals America, Inc. (MPCA) in United States. The consolidated subsidiary manufactures and markets super-pure hydrogen peroxide and super-pure ammonium hydroxide.

Accordingly, these materials are crucial in the manufacturing process of semiconductors.

The Group has been successfully expanding its business. Recently, it has achieved the top global market share.

Most importantly, the group has been leveraging its super-pure hydrogen peroxide and super-pure ammonium hydroxide manufacturing bases. Specifically, both in Japan and overseas, and maintains its world-class analysis and quality assurance system.

In addition, MGC is also branching out into other functional chemicals used in the semiconductor manufacturing process, all of which are in high demand from customers.

01 July 2024