Lucite-Shanghai

Acid Plant Database June 8, 2009

Owner	Lucite International (China) Chemical Industry Company Limited
Location	Shanghai Chemical Industrial Park Caojing Shanghai China
Background	2003 - Company formed Wholly owned subsidiary of Lucite International
Website	www.lucite.com www.lucitechina.com
Plant	-
Coordinates*	30° 46' 24.5" N, 121° 25' 43" E
Type of Plant	-
Gas Source	-
Plant Capacity	-
SA/DA	-
Emissions	-
Status	Operating
Year Built	2005
Technology	-
Contractor	-
Remarks	-
Pictures
General	-
References	-
News	May 29, 2009 - On November 11, 2008, Mitsubishi Rayon Co., Ltd. announced its intention to purchase Lucite International Group Limited of the United Kingdom, and to convert the company into a consolidated subsidiary of Mitsubishi Rayon. We herewith announce that all procedures required for the said purchase and the inclusion of Lucite International in the Company’s scope of consolidation were completed on May 28, 2009. The acquisition of Lucite International will make Mitsubishi Rayon into the leading company in the world MMA monomer market, and it constitutes the first step in expanding the Company’s core business, which is a priority issue under our current medium-term plan for three years to March 2011. Mitsubishi Rayon will become the sole possessor of the world’s current three main technologies for MMA production, and the Company will be the largest maker of MMA monomer with a balanced production structure encompassing the United States, Europe, and East Asia. Thanks to this production system and its superior technology, including the new ethylene process (Alpha technology) of MMA production, the Company will be well-placed to satisfy all its customers’ needs, thereby achieving growth. The assets and liabilities held by Lucite International will be included on the balance sheet of Mitsubishi Rayon for the settlement of accounts, on a consolidated basis, as of June 30, 2009, the end of the first quarter of fiscal 2009 (the business year ending March 31, 2010). However, profits and losses recorded by Lucite for the first quarter will be excluded from the income statements of Mitsubishi Rayon on a consolidated basis.

MTPD - Metric Tonne per Day STPD - Short Ton per Day
MTPA - Metric Tonne per Annum STPA - Short Ton per Annum
SA - Single Absorption
DA - Double Absorption

* Coordinates can be used to locate plant on Google Earth


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