The profitability of the business has been placed below excessive pressure by increasing price competition with distant overseas products
Mitsui Chemicals has decided to withdraw from the nitrogen trifluoride (NF3) business. Currently manufactured by using the enterprises entirely owned subsidiary, Shimonoseki Mitsui Chemicals, manufacturing will cease at the end of March 2026, and sales will end in the same year.
Mitsui Chemicals’ VISION 2030 Long-Term Business Plan positions “Chemistry for Sustainable World” because the enterprise’s best vision. In pursuing portfolio reform as a basic strategy for attaining this plan, Mitsui Chemicals objectives to become a surely global specialty enterprise by leaning on the 2 main pillars of a excessive-growth, high-profitability global specialty chemicals business, and a sustainable green chemical business focused on competitive derivatives.
The Semiconductor & Optical Materials Division of Mitsui Chemicals’ ICT Solutions Business Sector is engaged in business related to NF3, a gas used as a cleaning agent for semiconductor and liquid crystal display manufacturing equipment.
However, the profitability of the business has been placed below severe pressure by increasing price competition with overseas products, increasing raw material and utility costs, and rising repair and different costs.
In response to this situation, Mitsui Chemicals has undertaken all feasible efforts to rationalize the business and reduce expenses, but has now determined that it’s is unfeasible to ensure the level of profitability need to sustain the enterprise and has therefore decided to withdraw from it.
