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Mitsui Chemicals rises for first time in three days on plans to expand high-refractive-index eyeglass lens material production capacity
Mitsui Chemicals, Inc. <4183> shares rebounded for the first time in three days. The company announced on June 3 that it will expand production capacity for high-refractive-index eyeglass lens materials, driving positive market sentiment.
High-refractive-index lenses are high-value-added products designed for thinness and light weight. Driven by a growing global population and rising myopia, alongside expanding premium segments in Asia and North America, the sector expects long-term growth, prompting Mitsui Chemicals to boost capacity. The company plans to construct a new facility at its Omuta factory, with commercial operations scheduled to begin in the first half of fiscal 2029.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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