In the first quarter results of Japan’s two major synthetic rubber companies, JSR Corp. and Zeon Corp., (fiscal year ending March 2016), elastomers saw lower revenues and profits at JSR, but higher revenues and profits at Zeon. In particular, JSR’s quarterly operating profits were at their lowest level since the 2008 financial crisis. The earnings differentials were caused by factors...
Sumitomo Riko Co. Ltd. (formerly Tokai Rubber Industries), in a joint venture with Daeheung R&T Co. Ltd. of South Korea, will establish a rubber refinement (kneaded rubber/rubber compound) manufacturing and vending company in China. Both companies had been involved in producing kneaded rubber, but with business expansion came the need to augment production capabilities. Sumitomo Riko views this as an...
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