Mitsubishi Chemical to discontinue production at Iwaki plants
Mitsubishi Chemical Group will discontinue manufacturing at its Onahama and Iwaki Plants in Iwaki City, Fukushima, by March 2027. The decision follows a review under the New Medium-Term Management Plan 2029, aiming for business transformation. Despite efforts to streamline operations, profitability was challenging. Employee support and reassignment will be provided.
Mitsubishi Chemical Group will discontinue manufacturing at its Onahama and Iwaki Plants in Iwaki City, Fukushima, by March 2027.
The decision follows a review under the New Medium-Term Management Plan 2029, aiming for business transformation.
Despite efforts to streamline operations, profitability was challenging.
Employee support and reassignment will be provided.
