Toyoda Gosei posted a 23.8% increase in revenue to 259.32 billion yen ($1.8 billion) in the first quarter (April-June 2023) of the fiscal year ending March 31, 2024. The company further increased operating income by 421.4% to 16.38 billion yen, and net income by 344.0% to 11.61 billion yen. By segment, sales revenue in Japan increased 23.7% to 107 billion...
Mitsui Chemicals has broken ground for a new Tafmer high-performance elastomer plant at Mitsui Elastomers Singapore, its wholly owned subsidiary in Singapore. The new plant will be located on Jurong Island, Singapore, with an annual production capacity of 120,000 tons (existing facility capacity: 225,000 tons per year), and is scheduled for completion during fiscal 2024. In its long-term management plan...
Dow Chemical Japan is raising the prices of solvents and amines effective for deliveries from today. The price increase applies to ethanolamine, ethylene amine, and ethylene glycol ether solvents, and will be 15 yen ($0.11) per kilogram. The company states that the price increase was decided in order to maintain supply to Japanese domestic customers amid a tightening global supply-demand...
Shin-Etsu Chemical will invest 100 billion yen ($701.8 million) in its silicone portfolio, one of the mainstays of its Performance Materials segment. In February 2022, the company announced an investment plan worth 80 billion yen to meet strong customer demand for high-performance silicone products. Although the company has completed its investments under this plan, it will continue to invest in...
Lanxess has in July opened the Kawasaki Technical Center at the Kawasaki Science Park in Kanagawa Prefecture. The center has been established to provide high quality technical services to customers in Japan. It is equipped with advanced testing capabilities and can serve a wide range of industries, from personal care products to industrial applications, by offering comprehensive microbiological testing. Lanxess,...
Zeon reported a 5.8% year-on-year decline in net sales to 91.9 billion yen ($648.9 million), a 43.0% drop in operating income to 6.1 billion yen, a 35.8% drop in ordinary income to 8.3 billion yen, and a 33.0% drop in net income to 5.8 billion yen for the first quarter of the year ending March 2024. In the elastomer materials...
