Denka Co. Ltd. (TYO:4061) recently began production of diethyl malonate for use in Avigan, a potential COVID-19 treatment known also by the generic name of favipiravir. This production began on May 16 at the chemical company and chloroprene rubber producer’s Omi Plant in Itoigawa, Niigata Prefecture. Denka sees itself as having a social responsibility to help out with measures against...
Mitsui Chemicals Inc. (TYO:4183) recently posted its business results for fiscal 2020 to reveal sales of just under 1.34 trillion yen ($12.52 billion), down 9.7 percent year-on-year. The company’s overall operating income totaled a little below 71.64 billion yen, down by 23.3 percent, with ordinary income down 36.4 percent to slightly under 65.52 billion yen and net income down 50.1...
Toyoda Gosei Co. Ltd. (TYO:7282) recently posted its business results for fiscal 2019, revealing year-on-year decreases in a number of performance metrics. This included sales revenue of 812.94 billion yen ($7.6 billion), down 3.3 percent year-on-year; operating profit of 17.89 billion yen, down 51 percent; and net profit of 11.23 billion yen, down 51.8 percent. In Japan specifically, Toyoda Gosei’s...
JSR Corp. (TYO:4185) recently posted its business results for fiscal 2019, revealing sales revenue of 471.97 billion yen ($4.4 billion) – down 4.7 percent year-on-year. The company’s operating profit for the year came to 32.88 billion yen, down 27.3 percent, while its net profit totaled 22.64 billion yen, down 27.4 percent. In the Elastomers segment specifically, JSR generated 178.79 billion...
With most events being canceled amid the impact of COVID-19, industry players are increasingly looking at efforts to utilize online meeting systems. While many companies in the rubber sector have already been using such technology for the likes of in-house meetings and new employee training, a recent initiative has seen these systems beginning to find use for press conferences as...
Japanese companies with Chinese bases in the rubber sector look like they will still need some more time to get these bases back to where they were before COVID-19. A survey carried out by Japan Rubber Weekly provided some details here. China is starting to work toward economic recovery, making moves such as lifting the urban lockdown on virus epicenter...
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