Shin-Etsu Polymer Co. Ltd. (TYO:7970) has released its business results for the third quarter of fiscal 2021, revealing sales of 68.89 billion yen ($600.44 million), up 23.5 percent year-on-year; an operating profit of 7.46 billion yen, up 59.9 percent; an ordinary profit of 7.71 billion yen, up 61.1 percent; and a net profit of 5.65 billion yen, up 62.4 percent....
Ube Industries Ltd. (TYO:4208) has decided to build a new plant to manufacture Upilex polyimide film at its Ube Chemical Factory in Yamaguchi Prefecture. This comes as the film faces growing demand for use in the circuit boards of OLED smartphone displays and LCD TVs. Scheduled to begin trial operation in October 2024, the new facility will be equipped with...
Sumitomo Riko Co. Ltd. (TYO:5191) recently announced that it has started to introduce carbon-neutral city gas supplied by Toho Gas Co. Ltd. (TYO:9533) to its facilities earlier this month. This comes as Sumitomo Riko’s first such initiative, with the company aiming to help bring about a sustainable society through the adoption of cleaner energy. The city gas introduced here sees...
Asahi Kasei Corp. (TYO:3407) has posted its business results for the first half of fiscal 2021, revealing a 19.4 percent year-on-year increase in sales – reaching 1.18 trillion yen ($10.27 billion) – and a 47.4 percent increase in operating income, 113.14 billion yen. Ordinary income too was up, marking a 53.9 percent increase to 119.23 billion yen; as was net...
NOK Corp. (TYO:7240) is advancing negotiations with its customers to seek agreement on a price hike for its seal products. This would include the company’s oil seals, O-rings, gaskets and more. A leading Japanese manufacturer of seal products, NOK announced back on Sept. 6 that it would be increasing prices on its seal products by up to 20 percent starting...
Mitsui Chemicals Inc. (TYO:4183) is set to increase its prices for Mitsui EPT, the company’s brand of ethylene propylene diene monomer (EPDM). The change will apply to all Mitsui EPT products supplied from Dec. 1 onward, with prices rising by at least 40 yen ($0.35) per kilogram. Explaining the decision, Mitsui Chemicals started by noting that market conditions for EPDM...
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