Completion of Construction to Expand Production Capacity at Overseas Electronic Materials Manufacturing Subsidiary

 Mitsubishi Gas Chemical Company, Inc. (MGC; Head Office: Chiyoda-ku, Tokyo; President: Yoshinori Isahaya) is pleased to announce the completion of construction and the completion ceremony of the new plant expansion at MGC Electrotechno (Thailand) Co., Ltd. (ETT; located in WHA Eastern Seaboard Industrial Estate, Rayong Province, Kingdom of Thailand), a subsidiary of MGC Electrotechno Co., Ltd. (ET; located in Nishishirakawa-gun, Fukushima Pref.), dedicated to manufacturing BT materials for semiconductor packages.

 The MGC Group established ETT in Thailand in 2012 to implement its business continuity plan (BCP) and bolster the global supply system of BT materials through a dual-base operational structure comprising domestic operations at ET and overseas operations at ETT. Since then, ET and ETT have worked together to develop a robust and efficient global supply system for BT materials.

 The semiconductor market, which MGC's BT materials serve, is poised for medium- to long-term growth. The proliferation of advanced communication technologies such as 5G and 6G, the expansion of digital transformation (DX), IoT applications, automotive innovations, and the rapid evolution and implementation of AI related technologies, including generative AI, are expected to drive demand for high-performance semiconductors and the essential BT materials that support them. Furthermore, semiconductors have become integral to the national strategies of various countries that emphasize the need for stable and diversified supply chains as a critical challenge.

 To meet these growing demands and address these challenges, ETT has constructed an additional plant, doubling its production capacity. This significant capacity expansion will help strengthen competitive advantages for capturing new business opportunities and further fortify our robustness against potential disruptions, enhancing our overall BCP.

 The MGC Group remains committed to responding flexibly and swiftly to the diverse needs emerging from the global semiconductor market, contributing to its sustainable growth.

END

[MGC Electrotechno (Thailand) Co., Ltd. Outline]

1.    President                                         : Hiroyuki Matsumoto
2.    Location                                           : 500/128 Moo3, Tambol Tasit, Amphur Pluak Daeng,
                                                                  Rayong Province 21140, Thailand
3.    Capital                                              : 710 million Thai Baht
4.    Establishment                                 : January 2012
5.    Investment ratio                            : 100% of MGC Electrotechno Co., Ltd.
6.    Start of construction                     : February 2024
7.    Start of commercial operation    : December 2025 (TBC)

 [Reference]
MGC to Expand Capacity at Electronic Materials & Overseas Production Subsidiary (May 8, 2023)