MGC Advanced Polymers Holds Plant Dedication

MGC Advanced Polymers, Inc. held a plant dedication on May 5, 2005 for its new Nylon-MXD6 production facility in Chesterfield County. The plant is based on Mitsubishi’s proprietary, state-of- the-art polymer technology. The company invested $20 million and employs 25 new workers.

Mitsubishi Gas Chemical Company is the world’s leading supplier of Nylon-MXD6. With headquarters in Tokyo, Japan, Mitsubishi develops, produces and markets top-quality polymers based on its long and diversified business experience.

“We are delighted to be locating in Chesterfield County, Virginia.,” said Tomiyoshi Furuta, President of MGC Advanced Polymers, Inc. “A clean, safe and environmentally controllable manufacturing facility, an educated workforce and proximity to customers in the U.S. through access to major interstate highways are key elements to our strategy. Chesterfield County’s pro-business climate has convinced us that the county meets our present and future needs and should be our new home.”

“We are thrilled to welcome MGC Advanced Polymers, Inc. to Chesterfield County,” said Chesterfield County Board of Supervisors Chairman Edward Barber. “This is a quality company that complements the growing cluster of advanced material companies in the county.”

Chesterfield County Administrator Lane B. Ramsey added, “We are very happy to welcome this newest addition to the growing family of hi-tech manufacturers that call Chesterfield County home.”

MGC Advanced Polymers, Inc. is a joint venture of Mitsubishi Gas Chemical Company, Inc. and Marubeni Corporation.