Tosoh has decided to expand its chloroprene rubber (CR) production capacity, investing approximately 75 billion yen ($520 million) to build a second CR plant at its Nanyo Complex in Shunan City, Yamaguchi Prefecture. The new facility will increase annual production capacity by 22,000 tons, bringing Tosoh’s total CR supply capacity to 59,000 tons, combined with the existing 37,000-ton capacity. Construction...
Zeon has introduced new production facilities for high-performance grades of S-SBR, primarily used in fuel-efficient tires, at its subsidiary Zeon Chemicals Singapore (ZCS) located on Jurong Island. Together with its Tokuyama Plant in Shunan City, Yamaguchi Prefecture, the company aims to strengthen its dual production and supply system. Construction of the new facilities for high-performance grades at ZCS has been...
Ube held a briefing on its medium-term management plan, “Ube Vision 2030 Transformation-2nd Stage,” covering fiscal years 2025 to 2030. “Considering the promotion of basic business structure reforms, specialization, digital transformation (DX), and corporate culture reform, we need to establish a solid six-year plan and execute it steadily,” Ube said, extending the plan’s duration from the previous three years to...
Mitsui Chemicals announced on May 19 that it will raise the price of Admer by 25 yen ($0.17) per kilogram for deliveries starting July 1. The company stated that the price hike is due to significant increases in costs for certain raw materials, labor, logistics, and equipment maintenance. “Despite efforts to reduce costs, the situation has exceeded our ability to...
Zeon’s performance for the fiscal year ended March 31, 2025, showed sales of 420.65 billion yen ($2.89 billion), up 10% from the prior year, operating profit of 29.32 billion yen, up 43%, ordinary profit of 33.05 billion yen, up 22.8%, and net profit of 26.20 billion yen, down 15.8%. The elastomer materials division reported sales of 236.56 billion yen, up...
Toyoda Gosei’s financial performance for the fiscal year ending March 2025 (April 2024-March 2025) under International Financial Reporting Standards recorded revenue of 1,059.80 billion yen ($7.25 billion), down 1.1% from the previous year, operating profit of 59.84 billion yen, down 11.6%, and net profit of 36.33 billion yen, down 29.4%. Factors affecting operating profit included profit increases from cost improvements...
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