Mitsubishi Rayon Co., Ltd. has decided to acquire SGL Carbon Fibers LLC (SCF), the carbon fiber production base of the German SGL Group, in order to expand its carbon fiber business in the North American market.
MRC’s 100% subsidiary Mitsubishi Rayon Carbon Fiber and Composites (MRCFAC) plans to acquire all of the shares of the fiber production company from its present parent company SGL Technologies North America, incorporating it into MRCFAC by the beginning of April 2017.
MRC decided to acquire SCF to increase its carbon fiber capacity in order to meet growing demand for large tow. This addition will increase MRC’s carbon fiber production capacity by 1,000 tons. Combined with the capacity expansion for regular-tow carbon fiber at the MRCFAC plant in Sacramento, California (U.S.), commercial operation of which will commence shortly, and the production capacity expansion at the MRC Otake Production Center scheduled for this year, MRC’s carbon fiber production capacity will increase from 10,100 to 14,300 ton/year this year.
Additionally, MRC will consider further adding carbon fiber and intermediate material production facilities on the current premises of SCF based on the requirements and growth of the carbon fiber market.