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...
Carbon black manufacturer Tokai Carbon Co. Ltd. (TYO:5301) has posted its business results for the first three quarters of fiscal 2021, revealing 185.1 billion yen ($1.63 billion) in sales revenue, up 28 percent year-on-year, and 17.67 billion yen in operating income, up 137.9 percent. Looking at individual segments, the company’s carbon black business generated 72.26 billion yen in sales revenue,...
Zeon Corp. (TYO:4205) has posted its financial results for the first half of fiscal 2021, revealing a sizable recovery from the same period last year. Results here included 179.08 billion yen ($1.57 billion) in sales revenue, up 30.3 percent year-on-year; 24.95 billion yen in operating income, up 151.7 percent; 26.58 billion yen in ordinary income, up 143 percent; and 18.39...
Shin-Etsu Chemical Co. Ltd. (TYO:4063) announced on Oct. 26 that it intends to revise its domestic selling price for polyvinyl chloride (PVC). Prices here are slated to rise by at least 40 yen ($0.35) per kilogram beginning with product supplied on Nov. 21. Explaining its decision here, Shin-Etsu Chemical noted that while it has already implemented two price hikes for...
Chemicals company Tosoh Corp. (TYO:4042) is set to revise its prices for polyethylene resin. Scheduled to come in for deliveries beginning Nov. 1, the change will increase the prices of Tosoh polyethylene resin products by at least 16 yen ($0.14) per kilogram. Addressing its reasoning for the decision, Tosoh noted that the price of domestically produced naphtha – a key...
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