Nishikawa Rubber reported a 20.1% year-on-year increase in net sales to 117.9 billion yen ($751 million), a 791.3% increase in operating income to 6.85 billion yen, a 301.1% increase in ordinary income to 9.15 billion yen, and a 176.9% increase in net income to 5.84 billion yen for the fiscal year ended March 31, 2024. By segment, sales in Japan...
Denka is considering to decide on drastic measures for its chloroprene rubber (CR) business by the end of 2024. President Toshio Imai will “consider all options,” centered on a close examination of optimal production capacity, including capacity reductions. The environment surrounding the CR business is severe. While the supply-demand balance has eased significantly since the latter half of fiscal 2022,...
Zeon reported net sales of 382.28 billion yen ($2.42 billion), down 1.6% year-on-year, operating income of 20.50 billion yen, down 24.6%, ordinary income of 26.91 billion yen, down 14.3%, and net income of 31.10 billion yen, up 194.3% for the year ended March 2024. In the elastomer materials business segment, sales declined 3.1% to 215.29 billion yen, and operating profit...
Tosoh said that it will raise the prices of all Skyprene chloroprene rubber products for shipments from May 20. The price increase is 57 yen ($0.36) or more per kilogram for sulfur modified grades and 47 yen or more per kilogram for other grades. Regarding the price increase, the company said, “We have been implementing various measures to reduce costs,...
Lanxess presented its Rhenodiv and Rhenocure DR/S rubber additives for sustainable tire production at the Tire Technology Expo 2024 in Hannover, Germany. Rhenodiv is a clean and efficient mold release agent. By immersing rubber sheets in batch-off liquid during rubber production, it prevents sheets from sticking to each other even when folded and stored. Rhenodiv BO-3300 Pearls is a state-of-the-art...
Tosoh has begun sales of the newly developed SG Series, a new grade of Skyprene chloroprene rubber composited with cellulose nanofiber (CNF) that has been adopted as a material for Bando Chemical’s transmission belts. CNF is a biomass-derived high-performance material that is one-fifth the weight of steel but more than five times stronger, and is expected to be a substitute...
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