Mitsubishi Chemical Advanced Materials
| Mitsubishi Chemical Advanced Materials AG | |
|---|---|
| legal form | Corporation |
| founding | 1996 |
| Seat | Lenzburg , Switzerland |
| management | Michael Koch, CEO |
| Number of employees | ~ 2,800 (2018–19) |
| sales | ~ CHF 920 million (2018–19) |
| Branch | chemistry |
| Website | www.mcam.com |
The Mitsubishi Chemical Advanced Materials AG (formerly Quadrant AG), headquartered in Lenzburg is an international Swiss manufacturer of thermoplastic materials in the form of semi-finished and finished products . The group of companies employs ~ 2,800 people in 20 countries and generated sales of ~ 920 million Swiss francs in the 2018–19 financial year. As of April 1, 2019, Quadrant changed its name to Mitsubishi Chemical Advanced Materials. Quadrant was until June 2010 on the Swiss Stock Exchange SWX Swiss listed .
Field of activity
The area of activity of the Mitsubishi Chemical Advanced Materials group includes on the one hand the area of high-performance plastics . The company manufactures semi-finished products and technical finished parts as well as technical injection molded parts from engineering plastics. These are used in broad areas of industry, including in plant and apparatus engineering , in the chemical and pharmaceutical process industry , in the electrical and electronics industry, in medical technology, in food processing, in material transport, in mining, in power generation and in the automotive industry.
The second business area, Plastic Composites and Cable Protection Systems , includes the production of glass and natural fiber reinforced thermoplastics , cable protection pipes and connectors made of polyolefins for automobiles (structural and interior components) as well as telecommunications and power distribution.
history
The company was founded in 1996 as a holding company. A few months later, it initially took over the majority stake in the Mobag Group , which is active in the real estate sector, and after a strategic reorientation decided shortly thereafter , Symalit AG, which was founded in 1952 and active in the plastics sector . The latter took over the GMT business from BASF and Borealis in 1999 .
In the years 2000 and 2001-actuated Symalit further acquisitions, including the non-woven business of Marx Group , the business with cable protection and telecommunications pipes of Jansen AG and the EPP business promotional Dutch DSM
In September 2001, Quadrant sold its 77 percent stake in the Mobag Group and has since focused on plastics. The company expanded both organically and through various corporate takeovers , in particular Poly Hi Solidur (2005), the world market leader for ultra-high molecular weight polyethylene products (UHMW-PE).
Quadrant has been a wholly-owned subsidiary of Mitsubishi Chemical Holdings Corporation since late May 2013. As of April 1, 2019, Quadrant changed its name to Mitsubishi Chemical Advanced Materials.