Zeon Corp. (TYO:4205) and Sumitomo Chemical Co. Ltd. (TYO:4005) have entered into a partnership contract to integrate their solution-styrene butadiene rubber (S-SBR) business operations under a joint venture firm to be established on Dec. 8. According to the contract, ZS Elastomers Co. Ltd. (ZSE) will be established as a wholly owned Zeon subsidiary using a capital investment of 450 million...
Dow Chemical Co.’s (TYO:4850) chemical technologies will complement Dow Corning Corp.’s high-growth silicone business sector, a point of pride in the company, and other segments in which demand is expected to grow in future, said Dow Corning Toray Co. Ltd. CEO Eriko Sakurai at a recent press seminar held on Nov. 29. Talking about Dow Chemical’s full acquisition of Dow...
Twenty-four listed rubber companies, including two synthetic rubber firms, have released earnings for the June–August quarter of fiscal 2016. Of the 24, only seven companies reported higher earnings, while 14 reported higher operating income. Eleven reported higher ordinary income, and five reported higher net income. Only three companies reported higher earnings for all three categories (operating income, ordinary income and...
A string of price hikes is taking place with chloroprene rubber (CR) in the international market. Japanese companies Denka Co. Ltd. (TYO:4061), Tosoh Corp. (TYO:4042) and Showa Denko KK (TYO:4004) each have announced price increases, as has Netherlands-based Arlanxeo. The companies say that the reason for the price hikes is to ensure a stable product supply, as there is no...
Kansai-based Seibu Rubber Product Wholesale Industry Union recently held educational seminars on basic rubber knowledge. The seminars were open to employees from each of the industrial rubber trading firms that comprise the union. Launched as part of a project aimed at developing human resources, the course was targeted toward young and mid-level employees. Lecturers were invited from Irumagawa Rubber Co....
As companies are releasing their second-quarter earnings for the business year ending on March 31, 2017, some stand out for their revisions to projected full-year earnings. Cost-cutting boosted profits for some, while the higher yen hurt others. The following companies announced upward revisions to profit for the period: Achilles Corp. (TYO:5142), Okamoto Industries Inc. (TYO:5122), Mitsuboshi Belting Ltd. (TYO:5192), Tigers...
