Zeon group company Tokyo Materials reported net sales of 54.09 billion yen ($376 million), up 14.8% year-on-year, ordinary income of 2.57 billion yen, up 4.5%, and net income of 1.89 billion yen, up 11.6% for the fiscal year ended March 31, 2023. In the same period, although there were signs of movement toward normalization of economic activities due to progress...
Zeon said that it will raise the selling price of synthetic rubbers starting from deliveries on July 1. The price increase applies to HNBR (hydrogenated nitrile rubber), ZSC (hydrogenated nitrile rubber alloy), and CM (rubber compound). The price increase for HNBR and ZSC is 40 yen ($0.28) per kilogram, while the price for CM will be revised in accordance with...
Kuraray will raise the prices of Kuraray polyols globally, effective July 1 for shipments. The affected products are certain brands of Kuraray polyols (P-series, F-series, and O-series). The price increase will be 12 yen per kilogram for Japanese domestic shipments and $0.10 per kilogram for overseas shipments. The company states that the price increase was decided in order to maintain...
Lanxess doubled the production capacity of benzyl alcohol at its site in Kalama, Washington, USA, to support the growth of its established customer base in the Americas. The Kalama site currently serves as the central hub in a network of four manufacturing sites around the world that produce high-purity benzyl alcohol. The doubling of production capacity there will enable rapid...
On May 30, President Kazushi Shimizu of Sumitomo Riko announced the Sumitomo Riko Group Vision 2029 (2029V) and the Sumitomo Riko Group Medium-Term Management Plan 2025 (2025P). Under 2025P, which begins in fiscal 2023, the company aims to increase consolidated net sales from 541 billion yen ($3.87 billion) in fiscal 2022 to 620 billion yen and business profit from 17.9...
Tosoh will make a decision on the expansion of its chloroprene rubber (CR) plant, which the company is currently considering, within the current fiscal year, company president Mamoru Kuwada said at a management briefing meeting held on May 24. The company is considering increasing the capacity of its Nanyo Complex (Shunan City, Yamaguchi Prefecture), which currently produces 37,000 tons per...
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