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About Materials Chemicals and Performance Intermediates Private Limited

Mitsubishi Chemical Corporation (MCC), is Japan's largest diversified chemical company. It is among the top 10 Chemical Companies of the world. MCC has its operations in around 50 countries and leads about 282 affiliate companies across the globe. Production and sale of Purified Terephthalic Acid (PTA) is one of the core businesses of MCC.

Seeing the vast potential for polyester products in the country, MCC decided to set up its own manufacturing facility in Haldia in 1997. It entered into a shareholders' agreement with some Japanese Trading Houses and the Government of West Bengal, for setting up an affiliate company, MCC PTA India Corp. Private Limited (MCPI), headquartered in Kolkata.

With an initial investment of Rs, 1,475 crore (US$ 245 million at the then prevailing rate), MCPI emerged as Japan's largest Foreign Direct Investment (FDI) in India and began construction of a 350,000 tonne PTA plant at Haldia, West Bengal.

Completed on schedule by the end of 1999, the plant commenced commercial production of PTA in April, 2000, equipped with the highest safety and environment standards. MCPI enhanced its capacity through de-bottlenecking to 470,000 tonnes in December 2003. In 2006 MCPI decided to set up a Mega Expansion Project to add a further 800,000 ton of capacity at an additional investment of Rs 1,962 crores. The new line has commenced production since March 2010.

MCPI at a Glance

Business : Manufacturing and selling Purified Terephthalic Acid (PTA)
   
Board of Directors : Dr Purnendu Chatterjee – Chairman
  Mr Debi Prasad Patra – Whole Time Director
   
Capacity : 470,000 tons per annum [Phase I]
  800,000 tons per annum [Phase II]
   
Plant Location : Haldia, Purba Midnapore, West Bengal
   
Total Investment : Rs. 1,475 crores (US$ 380 M) [Phase –I]
: Rs. 1,962 crores (US$ 400 M) [Phase II]
   
Present Turnover : Rs. 5,505 crores ( FY 2016-2017 )
   
Main Raw Materials : Paraxylene (PX), Acetic Acid (Solvent)
   
Commercial Operation : April 2000 [Phase I]
: March 2010 [Phase II]
   

   
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