Mitsubishi Chemical held its business policy briefing on December 9, 2008, and announced that it will give priority to investing in two major areas of white LED and automotive lithium-ion rechargeable battery materials. The company released its medium-term business plan in May 2008. Due to the recent deterioration of the operating environment, additional measures were introduced.
Mitsubishi Chemical originally planned to invest 590 billion yen in equipment from 08 to 2010, and this time it was lowered to 430 billion yen. R&D investment has also been lowered from 425 billion yen to 405 billion yen. Not only the overall scale but also the distribution has been adjusted. Initially, it plans to start business in seven areas, including next-generation displays, in-vehicle chemical components, and organic solar cells. This time, it is decided to allocate operating resources in two areas: white LEDs and lithium battery materials for hybrid vehicles.
Strive to dominate the GaN backplane market in 2015
The white LED field includes materials such as GaN (gallium nitride) substrate and phosphor, and applications such as lighting fixtures and backlights for LCD TVs. Mitsubishi Chemical predicts that the market size will be 1 trillion yen in 2010 and 30,000 in 2015. Billion yen. In the GaN backplane business, the company will start mass production of m-planes in 2009, and replace c-planes in 2015. The sales of the company's regular phosphor business will continue to advance beyond the original schedule.
In addition to the materials business, it will also focus on product business. The company began manufacturing and selling white LED chips for lighting in August 2008. Will open up the near-ultraviolet LED market in 2010 and strive to monopolize the city
The share of lithium-ion rechargeable battery materials will be 2.5 times that of 2007
Mitsubishi Chemical expects to officially popularize hybrid vehicles equipped with lithium-ion rechargeable batteries around 2015. At the same time, the material market for automotive lithium-ion rechargeable batteries will expand to 100 billion yen by 2015. Mitsubishi Chemical plans to have an overall sales of 50 billion yen for lithium-ion rechargeable battery materials in 2015, with an operating margin of over 10% and a market share of 12.5%. As a main material, a positive electrode material, a negative electrode material, a separator, and an electrolyte solution will be provided, and an integrated solution for a battery material that is actively proposed to a battery manufacturer to use these materials in combination is sought.
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