There is increasing uncertainty surrounding market conditions, such as the COVID-19 pandemic forcing automobile manufacturers to reduce or suspend production activity in many regions, and concerns about decline in automobile demand owing to the slump in the global economy. On the other hand, increasing global environmental awareness is driving demands for better fuel efficiency and the shift towards vehicle electrification continues to progress year after year, creating diverse new needs for even lighter weights and increased comfort in automobiles.

Mitsui Chemicals defines “mobility” as the various modes of transportation for both people and things, but most notably automobiles. While responding in an appropriate and speedy manner to minimize the near-term business impact of COVID-19 in our Mobility domain, we aim to achieve sustainable growth by providing solutions to meet diversified needs and bolstering the competitiveness of each business.