Toyoda Gosei has doubled the production capacity of the recycling process at its Morimachi Plant in Shizuoka Prefecture in order to accelerate resource recycling of rubber used in automobiles. In the automotive industry, while recycling of resources such as steel and plastics is progressing, rubber products are difficult to recycle and most of them are incinerated. The company has been...
Kuraray will raise the prices of its hydrogenated styrenic thermoplastic elastomers Septon and Hybrar as well as TU polymers globally, beginning with shipments on October 15. The price increase is $0.22 per kilogram. Regarding the price increase, the company said, “The increase in costs for the subject products, including key raw materials, utility and logistics costs, and repair costs, is...
Lanxess signed an agreement to sell its Urethane Systems business to Ube. The value of the business is equivalent to 460 million euros ($503.3 million), and the sale price is expected to be approximately 500 million euros. With this transaction, Lanxess will exit its last polymer business. The Urethane Systems business has five manufacturing sites worldwide and laboratories for application...
Since its establishment in June 1948, Saitama-based Dainichi Kogyo has earned a solid reputation among its customers as a comprehensive manufacturer and trading company engaged in the manufacture, sale, and processing of various industrial rubber products, rubber sheets, and packing products. In recent years, the company has been focusing on the adhesive products sector, particularly vulcanized adhesive bonding, by actively...
Kuriyama Holdings reported a 9.9% year-on-year increase in net sales to 40.33 billion yen ($286.62 million), a 22.9% increase in operating income to 2.78 billion yen, a 21.5% increase in ordinary income to 3.11 billion yen, and a 17.5% increase in net income to 2,11 billion yen in its consolidated interim (January-June) results for fiscal 2024. Both sales and profits...
Kuraray posted for the first half of the current fiscal year net sales of 411.22 billion yen ($2.81 billion), up 7.9%; operating income of 45.46 billion yen, up 11.0%; ordinary income of 44.02 billion yen, up 14.2%; and net income of 30.45 billion yen, up 39.4%. The company achieved record-high sales and profits for the first half of the fiscal...
