Mitsubishi Rayon Co. (Tokyo, Japan; www.mrc.co.jp) and Mitsubishi Plastics Inc. have agreed to integrate the Pitch-based Carbon Fiber Business of Mitsubishi Plastics and the Polyacrylonitrile (PAN) based Carbon Fiber Business of Mitsubishi Rayon with the purpose of enhancing the Carbon Fiber & Composite Materials Business. Mitsubishi Rayon will succeed Mitsubishi Plastics’ Pitch-based Carbon Fiber Business through a company split and launch new organization, in which the Pitch-based Carbon Fiber business and PAN-based carbon fiber business are integrated, as of April 1, 2015.
Mitsubishi Plastics and Mitsubishi Rayon share a common holding company, Mitsubishi Chemical Holdings Corp., and constitutes the world’s only manufacturer with both the coal pitch-based carbon fiber and PAN-based carbon fiber technologies.