Mitsubishi Corporation has entered into an agreement to acquire 25% of shares in ELG Carbon Fibre Ltd. (ECF), a leading supplier of reprocessed carbon fiber, from ELG Haniel GmbH in Germany. Closing is subject to regulatory approval and other conditions.
ECF is engaged in reprocessing carbon fiber reinforced plastic (CFRP) end materials to produce and supply competitive high-quality carbon fiber through its own technology and know-how. The company is the first in the world to have established stable commercial production of reprocessed carbon fiber, supplying the automotive and electronics industries, among others.
By reprocessing CFRP end materials which may otherwise be difficult to dispose of, ECF is recovering resources and supplying sustainable carbon fiber competitively to the market, while contributing towards solving issues faced by the automotive industry, which is a key industry for Japan. Being able to leverage MC’s existing business network and expertise will enhance ECF’s capacity to realize its vision.
Through the acquisition of shares in ECF, Mitsubishi will contribute to expanding the stable supply of reprocessed carbon fiber, while at the same time continuing to contribute to sustainable development of the industry and realization of a low-carbon society.