Chemical company Mitsui Chemicals will optimize the production capacity of its toluene diisocyanate (TDI) facility at its Omuta Plant by July 2025. TDI is a raw material for polyurethane that the company has been manufacturing as a basic product of the isocyanate chain at the Omuta Plant with a production capacity of 120,000 tons per year. Considering Japanese domestic and...
Fujikura Composites said that its printing materials (blankets) business posted year-on-year sales and profit growth in the first half (April-December) of the fiscal year ending March 31, 2023. The Japanese domestic market was sluggish, but the weak yen helped drive strong exports, which drove performance. Another positive factor was the penetration of price increases implemented in the previous fiscal year....
Tosoh will raise the price of calcium chloride solution by more than 12 yen ($0.09) per kilogram (solid equivalent) beginning with shipments on March 21. Regarding the price increase, Tosoh said, “We have been implementing all kinds of cost reduction measures to improve the profitability of our business and have been striving to ensure a stable supply of our products....
The Carbon Black Association of Japan recently compiled a forecast for carbon black demand in 2023, which is expected to be 727,250 tons, up 3.4% from the previous year. This is based on economy showing signs of improvement, such as a recovery in consumer behavior, a resurgence in capital investment, and an increase in exports, as the coronavirus pandemic has...
Toyoda Gosei has revealed its cumulative business results for the first three quarters of fiscal 2022, showing a year-in-year drop in Japanese performance but an improvement in multiple overseas markets. The company’s revenue for the period came to 701.81 billion yen ($5.25 billion), up 16.9 percent year-on-year; meanwhile, its operating profit was up 24.7 percent to 23.69 billion yen, and...
Fluororubber manufacturer Daikin Industries reported sales of 2,985.67 billion yen ($22.83 billion) for the nine months of the fiscal year ending March 31, 2023, up 29.7% year-on-year. Operating profit was 303.76 billion yen, up 17.1%, ordinary profit was 299.26 billion yen, up 12.3%, and net profit was 208.95 billion yen, up 16.9%. By segment, the Chemicals business posted sales of...
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